Bellway (OTCMKTS:BLWYF – Get Rating) had its price target dropped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 3,421 ($42.74) to GBX 3,289 ($41.09) in a note issued to investors on Monday, The Fly reports.
BLWYF has been the subject of several other research reports. Jefferies Financial Group cut Bellway from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. UBS Group cut their price objective on Bellway from GBX 3,885 ($48.53) to GBX 3,870 ($48.34) in a report on Thursday, March 31st. Finally, JPMorgan Chase & Co. cut their price objective on Bellway from GBX 4,380 ($54.72) to GBX 3,390 ($42.35) in a report on Friday, March 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $3,516.33.
Shares of OTCMKTS:BLWYF remained flat at $$34.21 on Monday. Bellway has a twelve month low of $34.21 and a twelve month high of $46.40. The stock has a 50-day moving average of $34.36 and a two-hundred day moving average of $39.64.
Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway and Ashberry brands.
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