Bellway’s (BWY) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Bellway (LON:BWY) in a report published on Tuesday. They currently have a GBX 4,010 ($55.40) price target on the stock.

A number of other analysts also recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bellway from GBX 3,900 ($53.88) to GBX 4,100 ($56.65) and gave the stock an overweight rating in a research report on Thursday, December 14th. Barclays dropped their price target on shares of Bellway from GBX 3,779 ($52.21) to GBX 3,584 ($49.52) and set an equal weight rating on the stock in a research report on Monday, February 5th. Liberum Capital boosted their price target on shares of Bellway from GBX 3,336 ($46.09) to GBX 3,930 ($54.30) and gave the stock a buy rating in a research report on Wednesday, January 3rd. Shore Capital reiterated a hold rating on shares of Bellway in a report on Wednesday, February 7th. Finally, Deutsche Bank reiterated a hold rating on shares of Bellway in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Bellway currently has a consensus rating of Buy and an average target price of GBX 3,759.70 ($51.94).

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Shares of Bellway (LON BWY) opened at GBX 3,139 ($43.37) on Tuesday. Bellway has a 52-week low of GBX 2,654 ($36.67) and a 52-week high of GBX 3,805 ($52.57). The company has a market cap of $3,750.00 and a PE ratio of 850.68.

In related news, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of GBX 3,624 ($50.07), for a total value of £128,180.88 ($177,094.34).

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About Bellway

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.

Analyst Recommendations for Bellway (LON:BWY)

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