Bellway plc Given Hold Rating at Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday, American Banking and Market News reports. They currently have a GBX 1,503 ($23.50) price objective on the stock. Deutsche Bank’s target price would suggest a potential upside of 9.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon raised their price target on shares of Bellway plc (LON:BWY) from GBX 1,327 ($20.75) to GBX 1,383 ($21.62) in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Bellway plc (LON:BWY) in a research note to investors on Monday, September 2nd. They now have a GBX 1,650 ($25.80) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Bellway plc (LON:BWY) from GBX 1,445 ($22.59) to GBX 1,650 ($25.80) in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,579.98 ($24.70).
Shares of Bellway plc (LON:BWY) traded up 1.09% during mid-day trading on Friday, hitting GBX 1386.00. The stock had a trading volume of 152,154 shares. The stock’s 50-day moving average is GBX 1403. and its 200-day moving average is GBX 1318.. The company’s market cap is £1.682 billion.
Bellway p.l.c. is a holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
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