Stock Rating Runner: Numis Maintained Bellway PLC (LON:BWY) As “Buy”; Has Target Of GBX 3091.00

November 29, 2016 - By Winifred Garcia

Bellway PLC (LON:BWY) Rating

Bellway PLC (LON:BWY) had its stock rating noted as “Buy” by analysts at Numis. Numis currently has a GBX 3091.00 target price per share on the 3.04B GBP market cap company or 24.94% upside potential. This was disclosed in a research note on Tuesday morning.

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 15.98% above today’s (GBX 2474) stock price. Bellway PLC has been the topic of 123 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Tuesday, January 12. The firm earned “Overweight” rating on Thursday, July 7 by Barclays Capital. The firm has “Hold” rating by Deutsche Bank given on Friday, September 18. Beaufort Securities maintained Bellway plc (LON:BWY) on Monday, August 10 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and GBX 2350 target price in Tuesday, October 18 report. The rating was maintained by Deutsche Bank with “Hold” on Monday, November 30. As per Monday, February 1, the company rating was maintained by Deutsche Bank. The company was upgraded on Monday, December 14 by Citigroup. The firm earned “Buy” rating on Wednesday, August 12 by Liberum Capital. Jefferies maintained Bellway plc (LON:BWY) rating on Wednesday, October 19. Jefferies has “Buy” rating and GBX 2857 price target.

About 233,346 shares traded hands. 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 3.04 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 7.54 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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