According to an update released by analysts at Jefferies & Co the broker has now set a ‘Buy’ rating on shares of Bellway PLC (LON:BWY) with a price target of 2857.
Jefferies & Co on Wednesday reiterated Bellway PLC’s analyst rating as ‘Buy’ with its price target of 2857 highlighting a potential increase of 14.46% from Bellway PLC’s current price of 2496.
Over the last twelve months Bellway PLC’s stock price has increased from 2337.87 to 2496, a change of 6.76%.
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 company has a 50 day moving average of 2321.62 and a 200 day moving average of 2322.06. The 52 week high shares of Bellway PLC have reached is 2897.51 whilst the 52 week low for the company’s shares is 1622.
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.