Bellway plc’s (BWY) “Hold” Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Bellway plc (LON:BWY) in a research report report published on Monday morning. The brokerage currently has a GBX 2,649 ($34.58) price objective on the stock.
A number of other analysts have also recently commented on the company. HSBC reiterated a buy rating and set a GBX 3,840 ($50.12) target price on shares of Bellway plc in a research report on Monday, June 27th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 2,176 ($28.40) target price (down previously from GBX 2,918 ($38.09)) on shares of Bellway plc in a research report on Thursday, June 30th. Liberum Capital reiterated a buy rating and set a GBX 2,259 ($29.49) target price on shares of Bellway plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. cut their target price on Bellway plc from GBX 3,500 ($45.69) to GBX 2,680 ($34.98) and set an overweight rating on the stock in a research report on Monday, August 15th. Finally, Barclays PLC cut their target price on Bellway plc from GBX 3,098.40 ($40.44) to GBX 2,214.60 ($28.91) and set an overweight rating on the stock in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Bellway plc has an average rating of Buy and an average target price of GBX 2,738.83 ($35.75).
Shares of Bellway plc (LON:BWY) traded up 2.27% during trading on Monday, hitting GBX 2431.00. The company’s stock had a trading volume of 455,173 shares. The company has a 50-day moving average price of GBX 2,302.31 and a 200-day moving average price of GBX 2,338.49. Bellway plc has a one year low of GBX 1,622.00 and a one year high of GBX 2,897.51. The stock’s market cap is GBX 2.98 billion.
In related news, insider Smith,Paul Hampden acquired 2,918 shares of the stock in a transaction dated Thursday, July 7th. The stock was bought at an average cost of GBX 1,713 ($22.36) per share, with a total value of £49,985.34 ($65,246.50).
About Bellway plc
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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