Bellway p.l.c. (LON:BWY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Bellway p.l.c. (LON:BWY) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,527.89.

Several equities research analysts have recently commented on BWY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,917 price objective on shares of Bellway in a report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,380 target price on shares of Bellway in a report on Wednesday, October 14th. Berenberg Bank dropped their price target on shares of Bellway from GBX 2,550 to GBX 2,450 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Finally, Citigroup lifted their price target on Bellway from GBX 2,300 to GBX 2,500 and gave the company a “buy” rating in a research note on Wednesday, August 12th.

Bellway Price Performance

BWY stock opened at GBX 2,140 on Thursday. The company’s 50-day moving average is GBX 2,092.95 and its 200-day moving average is GBX 1,988.42. The stock has a market capitalization of £2.38 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. Bellway has a 1 year low of GBX 1,715 and a 1 year high of GBX 2,890.

Bellway (LON:BWY) last issued its earnings results on Tuesday, October 13th. The company reported GBX 187.80 EPS for the quarter. Bellway had a return on equity of 5.49% and a net margin of 6.12%. On average, analysts anticipate that Bellway will post 159.07 earnings per share for the current fiscal year.

Bellway announced that its Board of Directors has approved a stock repurchase program on Tuesday, September 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Share repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.