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

Shares of Bellway p.l.c. (LON:BWY) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,522.33.

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

Bellway Price Performance

Bellway stock opened at GBX 2,196.10 on Wednesday. The business’s fifty day moving average is GBX 2,001.88 and its two-hundred day moving average is GBX 2,087.72. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The firm has a market cap of £2.47 billion, a P/E ratio of 16.69, a P/E/G ratio of 3.40 and a beta of 1.36. Bellway has a 52 week low of GBX 1,715 and a 52 week high of GBX 2,890.

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.