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A statement released earlier today by Peel Hunt about Bellway PLC (LON:BWY) maintains the target price at 2,990.00GBX

Yesterday Bellway PLC (LON:BWY) traded 6.04% higher at 2,385.00GBX. The company’s 50-day moving average is 2,318.60GBX and its 200-day moving average is 2,323.44GBX. The last closing price is up 2.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 960,766 shares of the stock traded hands, up from an average trading volume of 432,409

Peel Hunt hold steady the target of Bellway PLC (LON:BWY) at 2,990.00GBX indicating a possible upside of 0.25%.

Previously on Monday October 17, 2016, Deutsche Bank reported on Bellway PLC (LON:BWY) increased the target price from 2,649.00GBX to 2,701.00GBX. At the time, this indicated a possible upside of 0.18%.

See Chart Below

Bellway PLC (LON:BWY)

Bellway PLC has a 52 week low of 1,622.00GBX and a 52 week high of 2,897.51GBX with a P/E ratio of 8.64 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is 2,915.38GBX with 5 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Bellway PLC (LON:BWY)

Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes. Its reportable segment is UK housebuilding. The Company has 15 operating divisions. The Company's subsidiaries include Bellway Homes Limited, Bellway Properties Limited, Bellway (Services) Limited, Litrose Investments Limited, Bellway Financial Services Limited, Bellway Housing Trust Limited and The Victoria Dock Company Limited. The Company's owned and controlled land bank is approximately 34,060 plots. The Company operates in the UK, excluding Northern Ireland.

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