Bellway plc Receives “Hold” Rating from Deutsche Bank (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 1,674 ($28.61) target price on the stock. Deutsche Bank’s target price suggests a potential upside of 12.20% from the company’s current price.
Bellway plc (LON:BWY) traded down 3.12% on Monday, hitting GBX 1492.00. The stock had a trading volume of 223,374 shares. Bellway plc has a one year low of GBX 1236.00 and a one year high of GBX 1715.00. The stock has a 50-day moving average of GBX 1502. and a 200-day moving average of GBX 1545.. The company’s market cap is £1.817 billion.
A number of other analysts have also recently weighed in on BWY. Analysts at Liberum Capital cut their price target on shares of Bellway plc from GBX 1,900 ($32.47) to GBX 1,764 ($30.14) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Bellway plc in a research note on Thursday, July 3rd. They now have a GBX 2,186 ($37.35) price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,838.67 ($31.42).
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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