Deutsche Bank Reiterates Hold Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a GBX 1,674 ($28.43) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 9.63% from the stock’s previous close.
BWY has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Bellway plc in a research note on Thursday, July 24th. They now have a GBX 1,411 ($23.96) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Bellway plc in a research note on Tuesday, July 22nd. They now have a GBX 1,876 ($31.86) price target on the stock. Finally, analysts at Liberum Capital cut their price target on shares of Bellway plc from GBX 1,900 ($32.26) to GBX 1,764 ($29.95) in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Bellway plc presently has a consensus rating of “Buy” and an average target price of GBX 1,838.67 ($31.22).
Bellway plc (LON:BWY) traded up 1.06% during mid-day trading on Friday, hitting GBX 1527.00. The stock had a trading volume of 306,542 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 1519. and a 200-day moving average of GBX 1541.. The company’s market cap is £1.859 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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