Analyst at JP Morgan Cazenove Reconfirms Bellway PLC (LON:BWY)Stock Rating as a ‘Overweight’


Bellway PLC (LON:BWY) Rating Reaffirmed

In a very recent research note revealed to clients on Monday morning, JP Morgan Cazenove has decided to restate their Overweight rating on Bellway PLC (LON:BWY) shares.

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 5.70% above today’s (GBX 2673) stock price. Bellway PLC was the topic of 43 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 11 with “Hold” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 2926.50 target share price in a report from a November 6. Numis Securities maintained BWY stock in a recent report from December 10 with “Add” rating. J.P. Morgan maintained the rating on November 2. J.P. Morgan has a “Overweight” rating and a GBX 3050 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 30.

The stock increased 4.05% or GBX 104 on December 11, striking GBX 2673. Approximately 452,125 shares of stock traded hands or 58.24% up from the average. Bellway plc (LON:BWY) has risen 19.87% since May 15, 2015 and is uptrending. It has outperformed by 24.28% the S&P500.

Analyst at JP Morgan Cazenove Reconfirms Bellway PLC (LON:BWY)Stock Rating as a ‘Overweight’

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 3.15 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 11.58 P/E ratio. The Company’s reportable segment is UK housebuilding.