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

Shares of Bellway p.l.c. (LON:BWY) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation 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 3,237.50.

BWY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Jefferies Financial Group lowered their price target on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a report on Monday, January 19th. Citigroup increased their price objective on Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, The Goldman Sachs Group initiated coverage on Bellway in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 price objective for the company.

Bellway Price Performance

LON BWY opened at GBX 2,394 on Wednesday. The company has a debt-to-equity ratio of 6.20, a current ratio of 4.77 and a quick ratio of 0.50. The firm has a market capitalization of £2.80 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 3.40 and a beta of 1.25. The company has a 50 day simple moving average of GBX 2,728.30 and a 200-day simple moving average of GBX 2,618.34. Bellway has a 52-week low of GBX 2,134 and a 52-week high of GBX 2,998.

About Bellway

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.