Bellway (BWY) Given New GBX 3,375 Price Target at Barclays

Bellway (LON:BWY) had its price objective decreased by Barclays from GBX 3,390 ($44.30) to GBX 3,375 ($44.10) in a report published on Monday morning. Barclays currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on BWY. Liberum Capital reissued a buy rating and issued a GBX 3,500 ($45.73) price target on shares of Bellway in a report on Thursday, December 6th. Peel Hunt reiterated a buy rating on shares of Bellway in a research report on Tuesday, October 16th. Shore Capital upgraded Bellway to a buy rating in a report on Thursday, December 13th. Berenberg Bank dropped their target price on Bellway from GBX 3,780 ($49.39) to GBX 3,620 ($47.30) and set a buy rating for the company in a report on Monday, January 28th. Finally, Bank of America raised Bellway to a neutral rating and upped their price target for the company from GBX 2,630 ($34.37) to GBX 3,000 ($39.20) in a research note on Friday, January 11th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 3,726 ($48.69).

Bellway stock opened at GBX 2,822.98 ($36.89) on Monday. Bellway has a 52 week low of GBX 2,654 ($34.68) and a 52 week high of GBX 3,805 ($49.72).

In other news, insider Jason Honeyman sold 6,281 shares of Bellway stock in a transaction on Monday, January 21st. The stock was sold at an average price of GBX 2,932 ($38.31), for a total value of £184,158.92 ($240,636.25).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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