Bellway (LON:BWY): numis Reiterates “Add” Rating Today, Has a Target of GBX 2860.00/Share


Bellway (LON:BWY) Rating Reaffirmed

Bellway (LON:BWY) just had their share rating of a ‘”Add”‘ issued by research analysts at numis, who now has a GBX 2860.00 target price per share on the 3.29 billion GBP market cap company or a 7.32% upside potential. This key information was announced to investors in a note on 11 December.

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 6.24% above today’s (GBX 2652.71) 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 86,337 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 (LON:BWY): numis Reiterates

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 3.29 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 11.5 P/E ratio. The Company’s reportable segment is UK housebuilding.