Bellway plc’s Buy Rating Reaffirmed at Citigroup Inc. (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Wednesday, Stock Ratings News reports. They currently have a GBX 1,650 ($26.34) price objective on the stock. Citigroup Inc.’s target price indicates a potential upside of 8.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Bellway plc in a research note to investors on Monday. They now have a GBX 1,432 ($22.86) 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 Monday. They now have a GBX 1,581 ($25.24) price target on the stock. Finally, 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). Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,624.98 ($25.94).
Shares of Bellway plc (LON:BWY) traded up 0.80% on Wednesday, hitting GBX 1517.00. The stock had a trading volume of 397,817 shares. Bellway plc has a 52 week low of GBX 941.37 and a 52 week high of GBX 1539.00. The stock’s 50-day moving average is GBX 1352.68 and its 200-day moving average is GBX 1348.. The company’s market cap is £1.848 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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