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

Shares of Bellway p.l.c. (LON:BWY) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 3,237.50.

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. Jefferies Financial Group lowered their price target on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research report on Monday, January 19th. JPMorgan Chase & Co. lifted their price objective on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Bellway in a research note on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 target price on the stock. Finally, Royal Bank Of Canada raised their target price on shares of Bellway from GBX 3,150 to GBX 3,300 and gave the stock a “sector perform” rating in a report on Wednesday, October 15th.

Bellway Stock Down 0.1%

Shares of LON:BWY opened at GBX 2,754 on Friday. The company has a market cap of £3.22 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.40 and a beta of 1.46. Bellway has a 12 month low of GBX 2,134 and a 12 month high of GBX 2,998. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The company has a 50-day moving average price of GBX 2,702.36 and a 200 day moving average price of GBX 2,586.44.

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.