JPMorgan Chase & Co. Increases Bellway (LON:BWY) Price Target to GBX 3,230 – MarketBeat

Written by Amanda

Bellway (LON:BWYGet Rating) had its price target hoisted by JPMorgan Chase & Co. from GBX 3,160 ($38.71) to GBX 3,230 ($39.56) in a report issued on Thursday, Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 54.18% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Bellway from GBX 3,421 ($41.90) to GBX 3,289 ($40.29) and set a “hold” rating on the stock in a report on Friday, May 6th. Liberum Capital reissued a “buy” rating and set a GBX 3,040 ($37.24) price objective on shares of Bellway in a report on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,612.71 ($44.25).

Bellway stock opened at GBX 2,095 ($25.66) on Thursday. The company has a 50 day moving average price of GBX 2,341.30 and a 200-day moving average price of GBX 2,724.03. The company has a debt-to-equity ratio of 3.79, a quick ratio of 0.52 and a current ratio of 5.36. Bellway has a fifty-two week low of GBX 2,028.57 ($24.85) and a fifty-two week high of GBX 3,553 ($43.52). The company has a market capitalization of £2.59 billion and a PE ratio of 6.30.


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In other news, insider John F. Tutte purchased 20,000 shares of the business’s stock in a transaction on Thursday, April 7th. The shares were acquired at an average cost of GBX 2,545 ($31.17) per share, with a total value of £509,000 ($623,468.89).

About Bellway (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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Source: marketbeat.com

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Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai