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 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.