Bellway p.l.c. (LON:BWY) Receives Consensus Rating of “Moderate Buy” from Analysts

Bellway p.l.c. (LON:BWY) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 2,522.33.

Several research analysts have issued reports on the company. Citigroup increased their price objective on Bellway from GBX 2,300 to GBX 2,500 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,917 target price on shares of Bellway in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lowered shares of Bellway to an “overweight” rating and lowered their target price for the stock from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Jefferies Financial Group dropped their target price on shares of Bellway from GBX 2,394 to GBX 2,380 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a report on Friday, June 26th.

Bellway Price Performance

Bellway stock opened at GBX 2,196.10 on Wednesday. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market capitalization of £2.47 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 3.40 and a beta of 1.36. Bellway has a one year low of GBX 1,715 and a one year high of GBX 2,890. The business has a 50 day simple moving average of GBX 2,001.88 and a 200 day simple moving average of GBX 2,087.72.

Bellway Company Profile

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, Ashberry, and Bellway London brands. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.