Bellway’s (BWY) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Bellway (LON:BWY) in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 2,917 price objective on the stock.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group cut their target price on shares of Bellway from GBX 2,394 to GBX 2,380 and set a “buy” rating for the company in a research report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a research report on Friday, June 26th. Citigroup lifted their price target on Bellway from GBX 2,300 to GBX 2,500 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered Bellway to an “overweight” rating and dropped their price target for the stock from GBX 3,480 to GBX 2,410 in a research note on Tuesday, June 16th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Bellway presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,522.33.

Bellway Price Performance

BWY stock opened at GBX 2,182 on Wednesday. The firm has a 50 day simple moving average of GBX 1,949.94 and a two-hundred day simple moving average of GBX 2,121.22. The stock has a market cap of £2.46 billion, a PE ratio of 16.58, a P/E/G ratio of 3.40 and a beta of 1.37. Bellway has a one year low of GBX 1,715 and a one year 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.

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.