Bellway plc Given “Hold” Rating at Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Monday, Stock Ratings Network reports. They currently have a GBX 1,503 ($24.07) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.17% from the stock’s previous close.
Bellway plc (LON:BWY) traded down 1.88% during mid-day trading on Monday, hitting GBX 1305.00. The stock had a trading volume of 223,416 shares. Bellway plc has a 52 week low of GBX 898.865 and a 52 week high of GBX 1539.00. The stock has a 50-day moving average of GBX 1397. and a 200-day moving average of GBX 1326.. The company’s market cap is £1.584 billion.
A number of other firms have also recently commented on BWY. Analysts at Panmure Gordon raised their price target on shares of Bellway plc (LON:BWY) from GBX 1,327 ($21.26) to GBX 1,383 ($22.15) 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 ($26.43) 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 ($23.15) to GBX 1,650 ($26.43) in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,579.98 ($25.31).
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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