Bellway plc (BWY) Earns “Hold” Rating from Deutsche Bank AG
Bellway plc (LON:BWY)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research note issued on Monday. They presently have a GBX 2,649 ($34.58) price objective on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 10.01% from the company’s current price.
BWY has been the subject of several other research reports. Shore Capital reaffirmed a “hold” rating on shares of Bellway plc in a research note on Thursday, June 9th. Beaufort Securities reissued a “buy” rating on shares of Bellway plc in a research note on Monday, August 8th. Liberum Capital reissued a “buy” rating and issued a GBX 3,125 ($40.79) price objective on shares of Bellway plc in a research note on Monday. HSBC reissued a “buy” rating and issued a GBX 3,840 ($50.12) price objective on shares of Bellway plc in a research note on Monday, June 27th. Finally, Credit Suisse Group AG boosted their price objective on shares of Bellway plc from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) and gave the stock an “outperform” rating in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Bellway plc has a consensus rating of “Buy” and a consensus target price of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) traded up 1.01% during trading on Monday, hitting GBX 2393.00. The stock had a trading volume of 349,709 shares. The firm’s market cap is GBX 2.93 billion. The company’s 50 day moving average is GBX 2,291.16 and its 200 day moving average is GBX 2,340.69. Bellway plc has a 52-week low of GBX 1,622.00 and a 52-week high of GBX 2,897.51.
In other Bellway plc news, insider Smith,Paul Hampden purchased 2,918 shares of the stock in a transaction on Thursday, July 7th. The shares were bought at an average cost of GBX 1,713 ($22.36) per share, with a total value of £49,985.34 ($65,246.50).
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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