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.
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.
Receive News & Ratings for Bellway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway and related companies with MarketBeat.com's FREE daily email newsletter.