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Bellway PLC (LON:BWY) stock price target increased to 2,976.00GBX, issued a research note today by Credit Suisse

Yesterday Bellway PLC (LON:BWY) traded 3.40% higher at 2,330.00GBX. The company’s 50-day moving average is 2,259.08GBX and its 200-day moving average is 2,342.34GBX. The last closing price is down 2.46% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 480,661 shares of the stock were exchanged, down from an average trading volume of 534,045

In a report released on 9/23/2016 Credit Suisse bumped up the target of Bellway PLC (LON:BWY) from 2,176.00GBX to 2,976.00GBX reporting a potential upside of 0.28%.

Previously on Friday September 02, 2016, Deutsche Bank reported on Bellway PLC (LON:BWY) held steady the target price at 2,649.00GBX. At the time, this indicated a possible downside of 0.00%.

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 8.70 The company’s market cap is currently 0 GBX.

In addition to Credit Suisse reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price 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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