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

Bellway p.l.c. (LON:BWY) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,449.75.

Several research firms recently commented on BWY. Stifel Nicolaus cut their target price 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. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,394 price objective on shares of Bellway in a research report on Wednesday, June 10th. Bank of America reduced their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,150 price target on shares of Bellway in a report on Wednesday, March 25th.

Bellway Price Performance

Shares of Bellway stock traded down GBX 12 during trading on Tuesday, hitting GBX 1,924. 261,958 shares of the company’s stock traded hands, compared to its average volume of 5,316,871. The company has a market cap of £2.19 billion, a PE ratio of 14.62, a PEG ratio of 3.40 and a beta of 1.37. The firm’s fifty day moving average price is GBX 1,885.43 and its 200 day moving average price is GBX 2,262.94. Bellway has a twelve month low of GBX 1,715 and a twelve month high of GBX 2,890. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50.

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.