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Canaccord Genuity disclosed Bellway PLC (LON:BWY), supporting its target price at 2,350.00GBX today

Bellway PLC (LON:BWY) had its target price hold steady to 2,350.00GBX by Canaccord Genuity in a report released 10/04/2016. The new target price indicates a possible downside of -0.03% based on the company's last closing price.

Previously on 10/03/2016, Liberum Capital reported on Bellway PLC (LON:BWY) held steady the target price at 3,125.00GBX. At the time, this indicated a possible upside of 0.31%.

Yesterday Bellway PLC (LON:BWY) traded 0.34% higher at 2,425.00GBX. The company’s 50-day moving average is 2,302.31GBX and its 200-day moving average is 2,338.49GBX. The last closing price is up 1.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 646,610 shares of the stock were exchanged, up from an average trading volume of 456,998

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

In addition to Canaccord Genuity 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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