Bellway plc (LON:BWY)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a GBX 2,649 ($34.58) target price on the stock. Deutsche Bank AG’s price target points to a potential upside of 10.28% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. HSBC restated a “buy” rating and set a GBX 3,840 ($50.12) price objective on shares of Bellway plc in a research report on Monday, June 27th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 2,176 ($28.40) price objective (down from GBX 2,918 ($38.09)) on shares of Bellway plc in a research report on Thursday, June 30th. Liberum Capital restated a “buy” rating and set a GBX 2,259 ($29.49) price objective on shares of Bellway plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. cut their price objective on shares of Bellway plc from GBX 3,500 ($45.69) to GBX 2,680 ($34.98) and set an “overweight” rating for the company in a research report on Monday, August 15th. Finally, Barclays PLC cut their price objective on shares of Bellway plc from GBX 3,098.40 ($40.44) to GBX 2,214.60 ($28.91) and set an “overweight” rating for the company in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 2,738.83 ($35.75).
Shares of Bellway plc (LON:BWY) opened at 2402.00 on Monday. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 2,897.51. The stock has a 50 day moving average of GBX 2,303.39 and a 200 day moving average of GBX 2,337.47. The stock’s market cap is GBX 2.94 billion.
In other news, insider Smith,Paul Hampden purchased 2,918 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The stock was bought at an average price of GBX 1,713 ($22.36) per share, for a total transaction 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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