Bellway (BWY) Given Add Rating at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Bellway (LON:BWY) in a research report sent to investors on Thursday morning. They currently have a GBX 3,675 ($51.53) price objective on the stock.

A number of other research analysts have also recently commented on the stock. Credit Suisse Group reissued an outperform rating and set a GBX 4,168 ($58.44) target price on shares of Bellway in a research report on Thursday, October 26th. Citigroup reissued a buy rating on shares of Bellway in a research report on Friday, October 13th. JPMorgan Chase & Co. boosted their target price on shares of Bellway from GBX 3,900 ($54.68) to GBX 4,100 ($57.49) and gave the stock an overweight rating in a research report on Thursday, December 14th. Barclays cut shares of Bellway to an equal weight rating and upped their price target for the company from GBX 3,631 ($50.91) to GBX 3,779 ($52.99) in a report on Monday, October 30th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 3,336 ($46.78) price target on shares of Bellway in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 3,686.70 ($51.69).

Bellway (BWY) opened at GBX 3,120 ($43.75) on Thursday. Bellway has a 12-month low of GBX 2,542 ($35.64) and a 12-month high of GBX 3,805 ($53.35). The company has a market cap of $3,830.00 and a price-to-earnings ratio of 845.53.

In other Bellway news, insider Edward (Ted) Ayres sold 7,812 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 3,470 ($48.65), for a total transaction of £271,076.40 ($380,084.69). Also, insider Jason Honeyman sold 3,537 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($50.81), for a total transaction of £128,180.88 ($179,726.42).

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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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