Bellway PLC (LON:BWY) Shareholders Are Liking The News That Shore Capital Has Reiterated Their Hold Rating on the Stock

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Bellway PLC (LON:BWY) Rating Reaffirmed

This Morning, 11 December, Bellway PLC (LON:BWY)’s Hold rating was has restated by Analysts at Shore Capital in analysts note.

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 5.00% above today’s (GBX 2684) stock price. Bellway PLC was the topic of 41 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 10 with “Add” 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 129,298 shares of stock traded hands. Bellway plc (LON:BWY) has risen 16.24% since May 14, 2015 and is uptrending. It has outperformed by 19.26% the S&P500.

Bellway PLC (LON:BWY) Shareholders Are Liking The News That Shore Capital Has Reiterated Their Hold Rating on the Stock

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 3.33 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 11.63 P/E ratio. The Company’s reportable segment is UK housebuilding.

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