Published On: Wed, Oct 19th, 2016

Bellway PLC (LON:BWY) Receives Buy Rating From Canaccord Genuity Analysts


Bellway PLC (LON:BWY) had its stock rating retained as ‘Buy’ in a report released by analysts at Canaccord Genuity.

Canaccord Genuity today set a target price of 2350 on the company’s stock. According to the analyst this now indicates there is a potential decrease of -5.85% from Bellway PLC’s current price of 2496.

LON:BWY


Over the last twelve months Bellway PLC’s stock price has increased by 6.76% from 2337.87 to 2496.

There are currently 122,490,000 shares in issue with a current share value of 2496 giving Bellway PLC a market capitalisation of 3.06B GBp .

Bellway PLC (LON:BWY) has a 50 day moving average of 2321.62 and a 200 day moving average of 2322.06. The 52 week high for the share price is 2897.51 while the 52 week low for the stock is 1622.

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 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. Its reportable segment is UK housebuilding. The Company has 15 operating divisions. The Company’s subsidiaries include Bellway Homes Limited, Bellway Properties Limited, Bellway (Services) Limited, Litrose Investments Limited, Bellway Financial Services Limited, Bellway Housing Trust Limited and The Victoria Dock Company Limited. The Company’s owned and controlled land bank is approximately 34,060 plots. The Company operates in the UK, excluding Northern Ireland.