Bellway (BWY) Now Covered by Analysts at Berenberg Bank

Equities research analysts at Berenberg Bank started coverage on shares of Bellway (LON:BWY) in a research report issued to clients and investors on Wednesday, July 25th. The brokerage set a “buy” rating and a GBX 3,760 ($48.67) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 30.42% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Liberum Capital reaffirmed a “buy” rating on shares of Bellway in a research note on Friday, June 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Bellway in a research note on Wednesday, June 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 4,030 ($52.17) price objective on shares of Bellway in a research note on Tuesday, June 12th. Shore Capital reaffirmed a “hold” rating on shares of Bellway in a research note on Tuesday, June 12th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Bellway in a research note on Tuesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 3,772.80 ($48.84).

Bellway opened at GBX 2,883 ($37.32) on Wednesday, MarketBeat reports. Bellway has a fifty-two week low of GBX 2,654 ($34.36) and a fifty-two week high of GBX 3,805 ($49.26).

About Bellway

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.

Read More: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Bellway (LON:BWY)

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