Published On: Wed, Oct 19th, 2016

Bellway PLC (LON:BWY) Receives Hold Rating From Deutsche Bank Analysts


Bellway PLC (LON:BWY) had its stock rating reiterated as ‘Hold’ in a report released by analysts at Deutsche Bank.

Deutsche Bank today set a target price of 2702 on the company’s stock. According to the analyst this now indicates there is a potential increase of 8.25% from Bellway PLC’s current price of 2496.

LON:BWY


Over the last twelve months Bellway PLC’s stock price has increased by 6.76% from 2337.87 to 2496.

There are currently 122,490,000 shares in issue with a current share value of 2496 giving Bellway PLC a market capitalisation of 3.06B GBp .

Bellway PLC (LON:BWY) has a 50 day moving average of 2321.62 and a 200 day moving average of 2322.06. The 52 week high for the share price is 2897.51 while the 52 week low for the stock is 1622.

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. It operates in 19 trading divisions in England, Scotland and Wales: Durham, East Midlands, Essex, Kent, Manchester, North East, North London, North West, Northern Home Counties, Scotland, South London, South Midlands, South West, Thames Gateway, Thames Valley, Wales, Wessex, West Midlands and Yorkshire. It also offers second-hand homes of various types, such as detached, apartment, terraced, semi-detached, town house, bungalow and penthouse. It also offers various additions covering kitchens, electrical, fire surround and fire, ceramic tiling, flooring, bathrooms and gardens, among others.