Bellway plc Stock Rating Reaffirmed by Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Analyst RN reports. They currently have a GBX 1,581 ($25.24) price target on the stock. Deutsche Bank’s price objective suggests a potential upside of 14.07% from the company’s current price.
A number of other analysts have also recently weighed in on BWY. Analysts at Panmure Gordon upgraded shares of Bellway plc to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a GBX 1,396 ($22.29) price target on the stock, up previously from GBX 1,383 ($22.08). Separately, 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 ($27.55) 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 ($26.34) price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Bellway plc currently has an average rating of “Buy” and an average price target of GBX 1,587.57 ($25.34).
Shares of Bellway plc (LON:BWY) traded up 2.29% during mid-day trading on Monday, hitting GBX 1386.00. The stock had a trading volume of 529,495 shares. Bellway plc has a 52 week low of GBX 933.00 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 £1.682 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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