Deutsche Bank Reiterates “Hold” Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 1,664 ($27.95) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 14.84% from the stock’s previous close.
A number of other firms have also recently commented on BWY. Analysts at Westhouse Securities initiated coverage on shares of Bellway plc in a research note on Tuesday, April 15th. They set an “add” rating and a GBX 1,814 ($30.47) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Bellway plc in a research note on Friday, March 28th. They now have a GBX 1,900 ($31.91) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Bellway plc in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,780.74 ($29.91).
Bellway plc (LON:BWY) traded down 1.83% on Thursday, hitting GBX 1449.00. The stock had a trading volume of 275,032 shares. Bellway plc has a 52-week low of GBX 1206.00 and a 52-week high of GBX 1715.00. The stock’s 50-day moving average is GBX 1586. and its 200-day moving average is GBX 1540.. The company’s market cap is £1.764 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Wednesday, May 28th will be given a dividend of GBX 16 ($0.27) per share. This represents a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 28th.
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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