Bellway plc’s Hold Rating Reaffirmed at Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a GBX 1,637 ($27.43) price objective on the stock. Deutsche Bank’s price target would indicate a potential downside of 1.94% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon raised their price target on shares of Bellway plc from GBX 1,520 ($25.47) to GBX 1,639 ($27.47) in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Bellway plc from GBX 1,875 ($31.42) to GBX 1,930 ($32.34) in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Bellway plc in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Bellway plc currently has an average rating of “Hold” and a consensus price target of GBX 1,753.11 ($29.38).
Shares of Bellway plc (LON:BWY) opened at 1669.3695 on Friday. Bellway plc has a 52 week low of GBX 1104.37 and a 52 week high of GBX 1680.00. The stock has a 50-day moving average of GBX 1598.68 and a 200-day moving average of GBX 1470.. The company’s market cap is £2.033 billion.
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
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