Bellway PLC (LON:BWY) Rating Reaffirmed
Bellway PLC (LON:BWY) just had their share rating of a ‘”Buy”‘ issued by research analysts at Liberum Capital, who now has a GBX 2906.00 target PPS on the 3.22 billion GBP market cap company or a 10.16% upside potential. This key information was disclosed to clients in an analyst research report on Wednesday morning.
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 6.59% above today’s (GBX 2644) stock price. Bellway PLC was the topic of 39 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 1 with “Add” rating. JP Morgan maintained shares with “Overweight” rating and GBX 3050 target share price in a report from a November 2. Liberum Capital maintained BWY stock in a recent report from November 25 with “Buy” 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 29,977 shares of stock traded hands. Bellway plc (LON:BWY) has risen 35.86% since May 5, 2015 and is uptrending. It has outperformed by 36.06% the S&P500.
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 3.22 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 11.46 P/E ratio. The Company’s reportable segment is UK housebuilding.