Bellway (BWY) Price Target Lowered to GBX 3,390 at Barclays

Bellway (LON:BWY) had its price target cut by Barclays from GBX 3,584 ($46.68) to GBX 3,390 ($44.16) in a research report sent to investors on Wednesday morning. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the stock. UBS Group reaffirmed a buy rating and set a GBX 4,100 ($53.41) price objective on shares of Bellway in a report on Monday, August 13th. Peel Hunt reaffirmed a buy rating on shares of Bellway in a report on Wednesday, August 8th. Liberum Capital reaffirmed a buy rating and set a GBX 4,080 ($53.15) price objective on shares of Bellway in a report on Wednesday, August 8th. Deutsche Bank raised shares of Bellway to a buy rating and upped their price objective for the stock from GBX 3,716 ($48.40) to GBX 3,745 ($48.78) in a report on Thursday, August 30th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Bellway in a report on Thursday, August 23rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Bellway presently has a consensus rating of Buy and a consensus price target of GBX 3,916.30 ($51.01).

BWY stock opened at GBX 2,997 ($39.04) on Wednesday. Bellway has a 12 month low of GBX 2,654 ($34.57) and a 12 month high of GBX 3,805 ($49.56).

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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Analyst Recommendations for Bellway (LON:BWY)

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