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

Bellway p.l.c. (LON:BWY) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 2,449.75.

Several research firms recently issued reports on BWY. Bank of America dropped their price target on shares of 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. Citigroup decreased their price objective on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating for the company in a research report on Thursday, June 11th. Stifel Nicolaus lowered their target price on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th. JPMorgan Chase & Co. lowered Bellway to an “overweight” rating and dropped their target price for the stock from GBX 3,480 to GBX 2,410 in a research report on Tuesday, June 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,400 price target on shares of Bellway in a research note on Friday, June 26th.

Bellway Price Performance

Shares of BWY stock opened at GBX 1,896 on Tuesday. The firm has a fifty day simple moving average of GBX 1,882.03 and a 200-day simple moving average of GBX 2,235.40. The company has a market capitalization of £2.14 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. Bellway has a twelve month low of GBX 1,715 and a twelve month high of GBX 2,890. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 5.39.

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.