Citigroup Inc. Reaffirms Buy Rating for Bellway plc (BWY)

Bellway plc (LON:BWY)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a report released on Friday.

A number of other brokerages have also commented on BWY. J P Morgan Chase & Co lifted their price objective on Bellway plc from GBX 3,400 ($44.70) to GBX 3,600 ($47.33) and gave the stock an “overweight” rating in a research report on Friday, September 29th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 3,090 ($40.63) price objective on shares of Bellway plc in a research report on Friday, September 1st. Liberum Capital reiterated a “buy” rating on shares of Bellway plc in a research report on Tuesday, August 8th. Bank of America Corporation reiterated an “underperform” rating and issued a GBX 2,500 ($32.87) price objective on shares of Bellway plc in a research report on Tuesday, September 12th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 3,631 ($47.74) price objective on shares of Bellway plc in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Bellway plc currently has a consensus rating of “Buy” and an average price target of GBX 3,363.42 ($44.22).

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A number of other brokerages have also commented on BWY. J P Morgan Chase & Co lifted their price objective on Bellway plc from GBX 3,400 ($44.70) to GBX 3,600 ($47.33) and gave the stock an “overweight” rating in a research report on Friday, September 29th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 3,090 ($40.63) price objective on shares of Bellway plc in a research report on Friday, September 1st. Liberum Capital reiterated a “buy” rating on shares of Bellway plc in a research report on Tuesday, August 8th. Bank of America Corporation reiterated an “underperform” rating and issued a GBX 2,500 ($32.87) price objective on shares of Bellway plc in a research report on Tuesday, September 12th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 3,631 ($47.74) price objective on shares of Bellway plc in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Bellway plc currently has a consensus rating of “Buy” and an average price target of GBX 3,363.42 ($44.22).

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About Bellway plc

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 plc (LON:BWY)

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