Bellway plc 32% Potential Upside Indicated by Canaccord Genuity

Broker Ratings

Bellway plc using EPIC/TICKER code (LON:BWY) has had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘BUY’ this morning by analysts at Canaccord Genuity. Bellway plc are listed in the Consumer Goods sector within UK Main Market. Canaccord Genuity have set their target price at 3200 GBX on its stock. This would imply the analyst believes there is now a potential upside of 32.0% from the opening price of 2425 GBX. Over the last 30 and 90 trading days the company share price has decreased 261 points and decreased 102 points respectively. The 1 year high for the share price is 4336 GBX while the 52 week low for the stock is 1735.5 GBX.

Bellway plc has a 50 day moving average of 2,667.71 GBX and a 200 day moving average of 3,124.06. There are currently 123,345,834 shares in issue with the average daily volume traded being 399,748. Market capitalisation for LON:BWY is £3,003,471,057 GBP.

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