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

Bellway (LON:BWY)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 2,917 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 33.93% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group dropped their price objective on Bellway from GBX 2,394 to GBX 2,380 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and cut their price objective for the stock from GBX 3,480 to GBX 2,410 in a research report on Tuesday, June 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,400 price target on shares of Bellway in a report on Friday, June 26th. Finally, Citigroup increased their price objective on Bellway from GBX 2,300 to GBX 2,500 and gave the company a “buy” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,522.33.

Bellway Stock Performance

Shares of BWY stock opened at GBX 2,178 on Wednesday. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.40 and a beta of 1.37. Bellway has a 52-week low of GBX 1,715 and a 52-week high of GBX 2,890. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The company’s 50 day moving average is GBX 1,929.26 and its 200 day moving average is GBX 2,128.36.

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.