Bellway p.l.c. (LON:BWY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Bellway p.l.c. (LON:BWY) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 2,788.50.

A number of research analysts have recently issued reports on BWY shares. Bank of America dropped their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a research note on Friday, March 27th. Stifel Nicolaus cut their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a report on Thursday, March 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,394 target price on shares of Bellway in a research report on Wednesday.

Bellway Price Performance

BWY stock opened at GBX 1,780 on Friday. The firm has a market cap of £2.03 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 3.40 and a beta of 1.38. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. Bellway has a 12-month low of GBX 1,715 and a 12-month high of GBX 2,998. The company’s fifty day simple moving average is GBX 1,908.40 and its 200 day simple moving average is GBX 2,359.86.

Bellway (LON:BWY) last released its earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. On average, analysts expect that Bellway will post 159.0741715 earnings per share for the current year.

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.