Deutsche Bank AG Boosts Bellway plc (BWY) Price Target to GBX 2,701
Bellway plc (LON:BWY) had its price objective increased by stock analysts at Deutsche Bank AG from GBX 2,649 ($32.78) to GBX 2,701 ($33.43) in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 17.23% from the company’s previous close.
BWY has been the subject of several other reports. Beaufort Securities reaffirmed a “buy” rating on shares of Bellway plc in a research note on Monday, August 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,125 ($38.68) price objective on shares of Bellway plc in a research note on Monday, October 3rd. HSBC reaffirmed a “buy” rating and issued a GBX 3,840 ($47.52) price objective on shares of Bellway plc in a research note on Monday, June 27th. Credit Suisse Group AG raised their price objective on Bellway plc from GBX 2,176 ($26.93) to GBX 2,976 ($36.83) and gave the company an “outperform” rating in a research note on Friday, September 23rd. Finally, Barclays PLC lowered their price objective on 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 note on Thursday, July 7th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 2,806.74 ($34.74).
Shares of Bellway plc (LON:BWY) opened at 2285.00 on Monday. The stock has a 50 day moving average price of GBX 2,324.14 and a 200-day moving average price of GBX 2,329.70. The stock’s market capitalization is GBX 2.80 billion. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,897.51.
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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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