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Bellway PLC (LON:BWY) target price raised to 2,701.00GBX, reported today by Deutsche Bank

Yesterday Bellway PLC (LON:BWY) traded -1.78% lower at 2,280.50GBX. The company’s 50-day moving average is 2,324.14GBX and its 200-day moving average is 2,329.70GBX. The last stock close price is down -2.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 134,820 shares of the stock were exchanged, down from an average trading volume of 425,263

Bellway PLC (LON:BWY) had its target price raised to 2,701.00GBX by Deutsche Bank in a report released 10/17/2016. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.

Previously on Tuesday October 04, 2016, Canaccord Genuity reported about Bellway PLC (LON:BWY) held steady the target price at 2,350.00GBX. At the time, this indicated a possible downside of -0.03%.

See Chart Below

Bellway PLC (LON:BWY)

Bellway PLC has a 52 week low of 1,622.00GBX and a 52 week high of 2,897.51GBX with a P/E ratio of 8.20 The company’s market cap is currently 0 GBX.

In addition to Deutsche Bank reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is 2,915.38GBX with 5 firms rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Bellway PLC (LON:BWY)

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. Its reportable segment is UK housebuilding. The Company has 15 operating divisions. The Company's subsidiaries include Bellway Homes Limited, Bellway Properties Limited, Bellway (Services) Limited, Litrose Investments Limited, Bellway Financial Services Limited, Bellway Housing Trust Limited and The Victoria Dock Company Limited. The Company's owned and controlled land bank is approximately 34,060 plots. The Company operates in the UK, excluding Northern Ireland.

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