Bellway (OTCMKTS:BLWYF) Price Target Cut to 3,351.00 by Analysts at Deutsche Bank Aktiengesellschaft

Bellway (OTCMKTS:BLWYF) had its price objective decreased by stock analysts at Deutsche Bank Aktiengesellschaft from 3,524.00 to 3,351.00 in a research report issued on Friday, The Fly reports.

BLWYF has been the subject of several other research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Bellway in a research note on Wednesday, October 20th. Barclays reissued an “equal weight” rating on shares of Bellway in a research note on Monday, December 6th. Investec assumed coverage on shares of Bellway in a research note on Friday, December 3rd. They issued a “buy” rating for the company. Finally, Berenberg Bank reissued a “buy” rating on shares of Bellway in a research note on Tuesday, November 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Bellway currently has an average rating of “Buy” and a consensus price target of $3,351.00.

BLWYF stock remained flat at $$41.74 during mid-day trading on Friday. Bellway has a 52-week low of $41.74 and a 52-week high of $46.40. The stock’s fifty day simple moving average is $44.72 and its two-hundred day simple moving average is $46.83.

About Bellway

Bellway Plc is a holding company, which engages in the house building business. Its activities include building and selling of new and second hand homes. The company was founded by Russell Bell, John Bell and John Thomas Bell in 1946 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.

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Analyst Recommendations for Bellway (OTCMKTS:BLWYF)

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