Bellway plc’s “Hold” Rating Reaffirmed at Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, American Banking News reports. They currently have a GBX 1,592 ($25.76) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 5.57% from the company’s current price.
Shares of Bellway plc (LON:BWY) opened at 1501.00 on Monday. Bellway plc has a 52-week low of GBX 941.37 and a 52-week high of GBX 1544.00. 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 £1.828 billion.
A number of other firms have also recently commented on BWY. Analysts at UBS AG raised their price target on shares of Bellway plc from GBX 1,600 ($25.89) to GBX 1,675 ($27.10) in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Bellway plc from GBX 1,726 ($27.92) to GBX 1,732 ($28.02) in a research note to investors on Thursday, October 17th. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital upgraded shares of Bellway plc to a “buy” rating in a research note to investors on Thursday, October 17th. They now have a GBX 1,700 ($27.50) price target on the stock, up previously from GBX 1,432 ($23.17). Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Bellway plc has an average rating of “Buy” and an average price target of GBX 1,625.90 ($26.30).
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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