Deutsche Bank AG Lowers Bellway plc (BWY) Price Target to GBX 2,649
Bellway plc (LON:BWY) had its target price cut by Deutsche Bank AG from GBX 2,736 ($33.86) to GBX 2,649 ($32.78) in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 14.97% from the stock’s current price.
Several other analysts have also issued reports on the stock. Barclays PLC cut their price target on shares of Bellway plc from GBX 3,098.40 ($38.35) to GBX 2,214.60 ($27.41) and set an “overweight” rating for the company in a research report on Thursday, July 7th. Liberum Capital restated a “buy” rating and set a GBX 2,259 ($27.96) price target on shares of Bellway plc in a research report on Tuesday, July 5th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 2,176 ($26.93) price target (down from GBX 2,918 ($36.11)) on shares of Bellway plc in a research report on Thursday, June 30th. Jefferies Group restated a “buy” rating and set a GBX 2,806 ($34.73) price target on shares of Bellway plc in a research report on Monday, June 27th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 1,715 ($21.23) price target on shares of Bellway plc in a research report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 2,802.74 ($34.69).
Shares of Bellway plc (LON:BWY) traded down 0.259740% during mid-day trading on Tuesday, hitting GBX 2323.106689. The stock had a trading volume of 345,513 shares. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,897.51. The firm’s market capitalization is GBX 2.85 billion. The stock’s 50-day moving average is GBX 2,324.14 and its 200 day moving average is GBX 2,329.70.
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Bellway plc Company Profile
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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