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Home / Momentum / Bellway. (BWY.L) 05-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Bellway. (BWY.L) 05-02-20

Bellway (BWY.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 4117p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -0% from 12-month highs; +52% from 12 month lows.

Latest News

04 Feb:  Credit Suisse today initiates coverage of Bellway (BWY) with a outperform rating and target price of 4650p.

04 Feb:  UBS reiterates its buy rating on Bellway (BWY) and increased the target price to 4620p (from 3700p).

14 Jan:  Deutsche Bank reiterates its buy rating on Bellway (BWY) and increased the target price to 4132p (from 3538p).

13 Jan:  Peel Hunt has upgraded its rating on Bellway (BWY) to add (from hold) and increased the target price to 4330p (from 3550p).

09 Jan:  Berenberg reiterates its buy rating on Bellway (BWY) and increased the target price to 4220p (from 3560p).

07 Jan:  Canaccord Genuity reiterates its buy rating on Bellway (BWY) and increased the target price to 4260p (from 3590p).

04 Dec:  UBS reiterates its buy rating on Bellway (BWY) and increased the target price to 3700p (from 3600p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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