Bellway (BWY) PT Lowered to GBX 3,584 at Barclays

Bellway (LON:BWY) had its price target cut by Barclays from GBX 3,779 ($52.99) to GBX 3,584 ($50.25) in a report released on Monday. They currently have an equal weight rating on the stock.

BWY has been the topic of several other reports. Canaccord Genuity reissued a buy rating and issued a GBX 3,280 ($45.99) price objective on shares of Bellway in a research note on Tuesday, October 17th. Peel Hunt reissued an add rating and issued a GBX 3,545 ($49.71) price objective on shares of Bellway in a research note on Tuesday, October 17th. Deutsche Bank boosted their price objective on shares of Bellway from GBX 3,517 ($49.31) to GBX 3,716 ($52.10) and gave the company a hold rating in a research note on Thursday, November 30th. Liberum Capital reissued a buy rating and issued a GBX 3,336 ($46.78) price objective on shares of Bellway in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bellway from GBX 3,900 ($54.68) to GBX 4,100 ($57.49) and gave the company an overweight rating in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Bellway currently has a consensus rating of Buy and an average target price of GBX 3,680.18 ($51.60).

Bellway (LON BWY) opened at GBX 3,313 ($46.45) on Monday. The stock has a market cap of $4,070.00 and a price-to-earnings ratio of 897.83. Bellway has a 12 month low of GBX 2,526 ($35.42) and a 12 month high of GBX 3,805 ($53.35).

In other Bellway news, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($48.08), for a total transaction of £643,554.72 ($902,348.18). Also, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction dated 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). Insiders have sold a total of 30,117 shares of company stock worth $104,281,200 over the last 90 days.

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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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