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

Bellway p.l.c. (LON:BWY) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,788.50.

BWY has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,394 price objective on shares of Bellway in a research report on Tuesday, May 5th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,150 target price on shares of Bellway in a research report on Wednesday, March 25th. Stifel Nicolaus dropped their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research report on Thursday, March 26th. Finally, Bank of America lowered 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 report on Friday, March 27th.

Bellway Stock Performance

BWY opened at GBX 1,815.93 on Monday. Bellway has a 12-month low of GBX 1,763 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 5.39. The firm has a market capitalization of £2.09 billion, a PE ratio of 13.80, a P/E/G ratio of 3.40 and a beta of 1.37. The firm has a 50 day moving average of GBX 2,021.13 and a two-hundred day moving average of GBX 2,472.68.

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