Bellway plc Stock Rating Upgraded by Panmure Gordon (BWY)
Bellway plc (LON:BWY) was upgraded by equities research analysts at Panmure Gordon to a “buy” rating in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 1,396 ($22.40) price objective on the stock, up from their previous price objective of GBX 1,383 ($22.19). Panmure Gordon’s price objective would suggest a potential upside of 9.92% from the stock’s previous close.
Shares of Bellway plc (LON:BWY) traded up 6.30% on Wednesday, hitting GBX 1350.00. 359,340 shares of the company’s stock traded hands. Bellway plc has a 52 week low of GBX 898.8651 and a 52 week high of GBX 1539.00. The stock’s 50-day moving average is GBX 1397. and its 200-day moving average is GBX 1326.. The company’s market cap is £1.639 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Bellway plc in a research note to investors on Friday, October 4th. They now have a GBX 1,726 ($27.69) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note to investors on Friday, October 4th. They now have a GBX 1,503 ($24.11) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Bellway plc in a research note to investors on Tuesday, October 1st. They now have a GBX 1,650 ($26.47) price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,581.07 ($25.37).
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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