Published On: Wed, Oct 19th, 2016

Jefferies Indicates Potential 14.46% Increase In Shares Of Bellway


On Wednesday Jefferies reiterated its broker consensus on shares of Bellway (LON:BWY) giving the company a ‘Buy’ rating.

Jefferies gave shares of Bellway a price target of 2857 indicating a potential increase of 14.46% from Bellway’s current price of 2496.

LON:BWY


In the prior 12 months Bellway’s stock price has increased by 6.76% from 2337.87 to 2496.

Bellway has 122,490,000 shares in issue which have a share price of 2496 giving Bellway a market capitalisation of 3.06B GBp .

The 52 week high of Bellway’s shares is 2897.51 whilst the 52 week low for the company’s shares is 1622. The 50 day moving average of LON:BWY is 2321.62 and the 200 day moving average is 2322.06.

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. It operates in 19 trading divisions in England, Scotland and Wales: Durham, East Midlands, Essex, Kent, Manchester, North East, North London, North West, Northern Home Counties, Scotland, South London, South Midlands, South West, Thames Gateway, Thames Valley, Wales, Wessex, West Midlands and Yorkshire. It also offers second-hand homes of various types, such as detached, apartment, terraced, semi-detached, town house, bungalow and penthouse. It also offers various additions covering kitchens, electrical, fire surround and fire, ceramic tiling, flooring, bathrooms and gardens, among others.