Bellway p.l.c. (OTCMKTS:BLWYF) Receives Consensus Recommendation of “Buy” from Brokerages

Bellway p.l.c. (OTCMKTS:BLWYFGet Rating) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3,537.00.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Bellway from GBX 4,380 ($54.72) to GBX 3,390 ($42.35) in a research note on Friday, March 25th. Jefferies Financial Group downgraded Bellway from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Bellway from GBX 3,524 ($44.02) to GBX 3,351 ($41.86) in a research note on Friday, January 14th. Finally, UBS Group lowered their target price on Bellway from GBX 3,885 ($48.53) to GBX 3,870 ($48.34) in a research note on Thursday, March 31st.

OTCMKTS:BLWYF opened at $34.21 on Friday. The business’s 50-day moving average is $34.36 and its two-hundred day moving average is $39.69. Bellway has a 12 month low of $34.21 and a 12 month high of $46.40.

Bellway Company Profile (Get Rating)

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway and Ashberry brands.

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Analyst Recommendations for Bellway (OTCMKTS:BLWYF)

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