Bellway p.l.c. (LON:BWY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Bellway p.l.c. (LON:BWY) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,449.75.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,394 price target on shares of Bellway in a research note on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and set a GBX 2,400 price objective on shares of Bellway in a research report on Friday, June 26th. JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and decreased their price objective for the company from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Finally, Citigroup dropped their target price on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating on the stock in a research report on Thursday, June 11th.

Bellway Trading Down 1.4%

Shares of BWY stock opened at GBX 1,988 on Friday. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market cap of £2.24 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 3.40 and a beta of 1.37. The stock has a 50 day simple moving average of GBX 1,899.62 and a 200-day simple moving average of GBX 2,163.22. Bellway has a 1-year low of GBX 1,715 and a 1-year high of GBX 2,890.

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.