On Wednesday Peel Hunt upgraded its broker consensus on shares of Bellway PLC (LON:BWY) giving the company a ‘Add’ rating.
Peel Hunt gave shares of Bellway PLC a price target of 3000 indicating a potential increase of 20.19% from Bellway PLC’s current price of 2496.
In the prior 12 months Bellway PLC’s stock price has increased by 6.76% from 2337.87 to 2496.
Bellway PLC has 122,490,000 shares in issue which have a share price of 2496 giving Bellway PLC a market capitalisation of 3.06B GBp .
The 52 week high of Bellway PLC’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.