Jefferies Group Reiterates Buy Rating for Bellway (BWY)

Bellway (LON:BWY)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research report issued on Monday.

BWY has been the subject of a number of other research reports. Barclays lowered shares of Bellway to an “equal weight” rating and raised their price target for the company from GBX 3,631 ($48.87) to GBX 3,779 ($50.86) in a report on Monday, October 30th. Peel Hunt reissued an “add” rating and issued a GBX 3,545 ($47.71) price target on shares of Bellway in a report on Tuesday, October 17th. Liberum Capital reissued a “buy” rating and issued a GBX 3,336 ($44.90) price target on shares of Bellway in a report on Tuesday, October 17th. Deutsche Bank reaffirmed a “hold” rating on shares of Bellway in a report on Thursday, November 23rd. Finally, J P Morgan Chase & Co lifted their target price on shares of Bellway from GBX 3,400 ($45.76) to GBX 3,600 ($48.45) and gave the stock an “overweight” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 3,536.50 ($47.60).

Shares of Bellway (BWY) opened at GBX 3,629 ($48.84) on Monday. Bellway has a fifty-two week low of GBX 2,393 ($32.21) and a fifty-two week high of GBX 3,805 ($51.21).

In other news, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($46.15), for a total value of £643,554.72 ($866,157.09).

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About Bellway

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.

Analyst Recommendations for Bellway (LON:BWY)

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