Ratings Change: London: Bellway (LON:BWY)’s Stock Had Its “Buy” Rating Restated at numis in Report Issued Today. Has GBX 3091.00 Target

November 29, 2016 - By whatsonthorold

Bellway (LON:BWY) Rating

In a note revealed to clients on Tuesday morning, Bellway (LON:BWY) stock “Buy” was maintained by numis. They currently have a GBX 3091.00 PT on the stock. numis’s PT would suggest a potential upside of 24.14% from the company’s last stock close price.

Bellway plc (LON:BWY) Ratings Coverage

Out of 19 analysts covering Bellway PLC (LON:BWY), 15 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 79% are positive. GBX 3840 is the highest target while GBX 1908 is the lowest. The GBX 2869.23 average target is 15.24% above today’s (GBX 2489.78) stock price. Bellway PLC has been the topic of 123 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Bellway plc (LON:BWY) has “Buy” rating given on Tuesday, January 12 by Jefferies. UBS maintained Bellway plc (LON:BWY) on Tuesday, September 20 with “Buy” rating. The rating was maintained by UBS with “Buy” on Friday, February 5. The stock has “Buy” rating given by Beaufort Securities on Friday, June 10. The company was maintained on Tuesday, March 1 by Numis Securities. Numis Securities maintained it with “Add” rating and GBX 2860 target price in Tuesday, January 5 report. The stock of Bellway plc (LON:BWY) has “Overweight” rating given on Thursday, February 11 by JP Morgan. The firm earned “Hold” rating on Tuesday, July 26 by Deutsche Bank. As per Monday, July 4, the company rating was maintained by Deutsche Bank. As per Wednesday, October 14, the company rating was maintained by Beaufort Securities.

The stock increased 2.76% or GBX 66.78 on November 29, hitting GBX 2489.78. About 561,162 shares traded hands or 10.52% up from the average. Bellway plc (LON:BWY) has declined 0.98% since May 2, 2016 and is downtrending. It has underperformed by 6.24% 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 3.05 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 a 7.59 P/E ratio. The Company’s reportable segment is UK housebuilding.

More news for Bellway plc (LON:BWY) were recently published by: Fool.Co.Uk, which released: “Why I’m avoiding Persimmon plc, Taylor Wimpey plc and Bellway plc” on June 30, 2016. Fool.Co.Uk‘s article titled: “Is it wise to flee Barratt Developments plc, Bellway plc, Bovis Homes Group …” and published on June 24, 2016 is yet another important article.

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