Bellway plc Given “Buy” Rating at Citigroup Inc. (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 1,710 ($28.05) price target on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 3.83% from the stock’s previous close.
Bellway plc (LON:BWY) opened at 1646.9999 on Tuesday. Bellway plc has a 1-year low of GBX 1075.87 and a 1-year high of GBX 1649.64. The stock has a 50-day moving average of GBX 1507.31 and a 200-day moving average of GBX 1424.. The company’s market cap is £2.006 billion.
A number of other firms have also recently commented on BWY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note to investors on Monday, December 23rd. They now have a GBX 1,592 ($26.11) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Bellway plc to an “add” rating in a research note to investors on Friday, December 13th. They now have a GBX 1,690 ($27.72) price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,642.84 ($26.95).
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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