Bellway plc’s “Neutral” Rating Reaffirmed at Westhouse Securities (BWY)
Bellway plc (LON:BWY)‘s stock had its “neutral” rating reiterated by equities research analysts at Westhouse Securities in a research note issued to investors on Thursday. They currently have a GBX 1,411 ($24.11) target price on the stock. Westhouse Securities’ price objective points to a potential downside of 9.72% from the stock’s previous close.
Shares of Bellway plc (LON:BWY) traded up 1.30% on Thursday, hitting GBX 1563.00. 179,816 shares of the company’s stock traded hands. Bellway plc has a 52-week low of GBX 1236.00 and a 52-week high of GBX 1715.00. The stock has a 50-day moving average of GBX 1512. and a 200-day moving average of GBX 1544.. The company’s market cap is £1.903 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Bellway plc in a research note on Tuesday. They now have a GBX 1,876 ($32.06) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note on Monday. They now have a GBX 1,674 ($28.61) price target on the stock. Finally, 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, July 18th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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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