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 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.