JPMorgan Chase & Co. Increases Bellway (OTCMKTS:BLWYF) Price Target to GBX 3,230

Bellway (OTCMKTS:BLWYFGet Rating) had its price target lifted by JPMorgan Chase & Co. from GBX 3,160 ($38.71) to GBX 3,230 ($39.56) in a research report sent to investors on Thursday, The Fly reports.

A number of other brokerages have also recently issued reports on BLWYF. UBS Group cut their target price on shares of Bellway from GBX 3,885 ($47.59) to GBX 3,870 ($47.40) in a research report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Bellway from GBX 3,421 ($41.90) to GBX 3,289 ($40.29) in a research report on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $3,463.00.

Shares of BLWYF opened at $34.21 on Thursday. The company has a 50-day moving average of $34.21 and a two-hundred day moving average of $36.86. 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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