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Bellway plc 18.3% Potential Upside Indicated by Deutsche Bank

Bellway plc with EPIC/TICKER (LON:BWY) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. Bellway plc are listed in the Consumer Goods sector within UK Main Market. Deutsche Bank have set a target price of 3538 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 18.3% from today’s opening price of 2991 GBX. Over the last 30 and 90 trading days the company share price has increased 123 points and increased 176 points respectively. The 52 week high share price is 3233 GBX while the year low stock price is currently 2407 GBX.

Bellway plc has a 50 day moving average of 2,880.62 GBX and the 200 Day Moving Average price is recorded at 2,892.73. There are currently 1,018,104,461 shares in issue with the average daily volume traded being 298,309. Market capitalisation for LON:BWY is £3,582,959,389 GBP.