Today Numis Reaffirms a Add Rating on Bellway (LON:BWY) and a GBX 2724 Target Price

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Bellway (LON:BWY) Rating Reaffirmed

The firm has just set a target price of GBX 2724 on Bellway (LON:BWY) shares. This is 6.41% from the last price. In a recent research report announced on Thursday morning, Numis reaffirmed their Add rating on shares of BWY.

From a total of 15 analysts covering Bellway PLC (LON:BWY) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is GBX 3375 while the lowest target price is GBX 1411. The mean of all analyst targets is GBX 2687.43 with a 9.57% above today’s (GBX 2572) stock price. Bellway PLC was the topic of 40 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 2 with “Buy” rating. JP Morgan maintained shares with “Overweight” rating and GBX 3050 target share price in a report from a November 2. Deutsche Bank maintained BWY stock in a recent report from November 30 with “Hold” rating. Jefferies maintained the rating on October 14. Jefferies has a “Buy” rating and a GBX 3053 price target on shares. Finally, J.P. Morgan maintained the stock with “Overweight” rating in a report issued on a November 2.

Approximately 63,238 shares of stock traded hands. Bellway plc (LON:BWY) has risen 19.06% since May 13, 2015 and is uptrending. It has outperformed by 20.99% the S&P500.

Today Numis Reaffirms a Add Rating on Bellway (LON:BWY) and a GBX 2724 Target Price

Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The company has a market cap of 3.16 billion GBP. The Firm provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes. It has 11.15 P/E ratio. The Company’s reportable segment is UK housebuilding.

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