Bellway (LON:BWY) Receives “Buy” Rating from UBS Group

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Bellway (LON:BWY)‘s stock had its “buy” rating restated by stock analysts at UBS Group in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 3,700 ($48.35) price target on the stock, up from their previous price target of GBX 3,600 ($47.04). UBS Group’s price objective would indicate a potential upside of 11.35% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on BWY. Peel Hunt cut Bellway to a “hold” rating and set a GBX 3,550 ($46.39) price target for the company. in a report on Tuesday, October 15th. Canaccord Genuity restated a “buy” rating and issued a GBX 3,450 ($45.08) price objective on shares of Bellway in a report on Tuesday, October 15th. Deutsche Bank initiated coverage on shares of Bellway in a research report on Wednesday, September 4th. They issued a “buy” rating and a GBX 3,538 ($46.23) target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,875 ($50.63) target price (up previously from GBX 3,574 ($46.70)) on shares of Bellway in a research note on Friday, September 27th. Finally, Peel Hunt reiterated a “hold” rating on shares of Bellway in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 3,656 ($47.77).

BWY stock opened at GBX 3,323 ($43.42) on Wednesday. Bellway has a 52-week low of GBX 333.45 ($4.36) and a 52-week high of GBX 3,562 ($46.54). The company has a quick ratio of 0.37, a current ratio of 4.38 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.09 billion and a price-to-earnings ratio of 7.61. The business has a fifty day moving average of GBX 3,289 and a two-hundred day moving average of GBX 3,023.22.

In other Bellway news, insider Jason Honeyman purchased 2,168 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 3,157 ($41.25) per share, for a total transaction of £68,443.76 ($89,433.90).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

Read More: How Important is Technical Analysis of Stocks

Analyst Recommendations for Bellway (LON:BWY)

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