Bellway plc 23.0% potential upside indicated by Berenberg Bank

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Bellway plc with ticker (LON:BWY) now has a potential upside of 23.0% according to Berenberg Bank.

Berenberg Bank set a target price of 4,230 GBX for the company, which when compared to the Bellway plc share price of 3,258 GBX at opening today (25/11/2021) indicates a potential upside of 23.0%. Trading has ranged between 2,651 (52 week low) and 3,756 (52 week high) with an average of 296,270 shares exchanging hands daily. The market capitalisation at the time of writing is £3,973,505,760.

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond. It operates in 19 trading divisions in England, Scotland and Wales: Durham, East Midlands, Essex, Kent, Manchester, North East, North London, North West, Northern Home Counties, Scotland, South London, South Midlands, South West, Thames Gateway, Thames Valley, Wales, Wessex, West Midlands and Yorkshire. It also offers second-hand homes of various types, such as detached, apartment, terraced, semi-detached, town house, bungalow and penthouse. It also offers various additions covering kitchens, electrical, fire surround and fire, ceramic tiling, flooring, bathrooms and gardens, among others.

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