Could Bellway plc Change Direction After Today’s Huge Increase?

 Could Bellway plc Change Direction After Today's Huge Increase?

The stock of Bellway plc (LON:BWY) is a huge mover today! The stock increased 1.41% or GBX 34.77 on November 18, hitting GBX 2508.77. About 410,830 shares traded hands. Bellway plc (LON:BWY) has risen 9.03% since April 21, 2016 and is uptrending. It has outperformed by 4.60% the S&P500.
The move comes after 6 months positive chart setup for the GBX 3.17B company. It was reported on Nov, 18 by Barchart.com. We have GBX 3813.33 PT which if reached, will make LON:BWY worth GBX 1.65B more.

Bellway plc (LON:BWY) Ratings Coverage

Out of 19 analysts covering Bellway PLC (LON:BWY), 15 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 79% are positive. GBX 3840 is the highest target while GBX 1908 is the lowest. The GBX 2869.23 average target is 14.37% above today’s (GBX 2508.77) stock price. Bellway PLC has been the topic of 123 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Bellway plc (LON:BWY) earned “Overweight” rating by JP Morgan on Monday, August 10. Liberum Capital maintained Bellway plc (LON:BWY) rating on Monday, October 12. Liberum Capital has “Buy” rating and GBX 2675 price target. Canaccord Genuity maintained it with “Buy” rating and GBX 3390 target price in Tuesday, March 22 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, October 14. As per Wednesday, November 25, the company rating was maintained by Liberum Capital. As per Wednesday, October 19, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Wednesday, October 19 by Beaufort Securities. The stock has “Hold” rating given by Peel Hunt on Monday, February 8. Barclays Capital maintained Bellway plc (LON:BWY) on Wednesday, September 2 with “Overweight” rating. The stock of Bellway plc (LON:BWY) earned “Buy” rating by Canaccord Genuity on Wednesday, February 3.

More important recent Bellway plc (LON:BWY) news were published by: Fool.Co.Uk which released: “Is it wise to flee Barratt Developments plc, Bellway plc, Bovis Homes Group …” on June 24, 2016, also Fool.Co.Uk published article titled: “Bellway plc, Interserve plc & Virgin Money Holdings (UK) plc still show huge …”, Fool.Co.Uk published: “Why I’m avoiding Persimmon plc, Taylor Wimpey plc and Bellway plc” on June 30, 2016. More interesting news about Bellway plc (LON:BWY) was released by: Fool.Co.Uk and their article: “Are Bellway plc, Essentra plc and Soco International plc a buy after today’s …” with publication date: June 09, 2016.

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 has a market cap of 3.17 billion GBP. The Firm 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. It has a 7.65 P/E ratio. The Company’s reportable segment is UK housebuilding.

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