Bellway plc (BWY) Given Hold Rating at Deutsche Bank AG
BWY has been the topic of a number of other research reports. Liberum Capital reiterated a buy rating and issued a GBX 3,032 ($39.21) price objective on shares of Bellway plc in a report on Thursday, June 15th. Credit Suisse Group increased their price objective on Bellway plc from GBX 2,976 ($38.49) to GBX 3,545 ($45.85) and gave the company an outperform rating in a report on Tuesday, July 11th. Barclays PLC increased their price objective on Bellway plc from GBX 3,201 ($41.40) to GBX 3,631 ($46.96) and gave the company an overweight rating in a report on Thursday, July 13th. Numis Securities Ltd reiterated a buy rating and issued a GBX 3,795 ($49.08) price objective on shares of Bellway plc in a report on Wednesday, June 14th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 3,400 ($43.97) price objective on shares of Bellway plc in a report on Friday, July 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Bellway plc currently has a consensus rating of Buy and an average price target of GBX 3,379.25 ($43.70).
Shares of Bellway plc (LON:BWY) traded up 0.28% during midday trading on Friday, hitting GBX 3212.00. The stock had a trading volume of 189,159 shares. The stock’s market cap is GBX 3.93 billion. The firm has a 50 day moving average price of GBX 3,156.41 and a 200 day moving average price of GBX 2,908.68. Bellway plc has a one year low of GBX 2,197.00 and a one year high of GBX 3,280.00.
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About Bellway plc
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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