Bellway p.l.c. (LON:BWY) Given Average Rating of “Moderate Buy” by Brokerages

Bellway p.l.c. (LON:BWY) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 2,449.75.

A number of equities research analysts recently weighed in on BWY shares. Berenberg Bank reissued a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a research note on Friday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a report on Wednesday, March 25th. Bank of America dropped their target price on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research report on Friday, March 27th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,394 price objective on shares of Bellway in a report on Wednesday, June 10th. Finally, Citigroup reduced their target price on Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating on the stock in a report on Thursday, June 11th.

Bellway Trading Down 0.6%

BWY stock traded down GBX 12 during midday trading on Tuesday, reaching GBX 1,924. The stock had a trading volume of 261,958 shares, compared to its average volume of 5,316,871. The firm has a market cap of £2.19 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 3.40 and a beta of 1.37. Bellway has a twelve month low of GBX 1,715 and a twelve month 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 business has a fifty day simple moving average of GBX 1,885.43 and a two-hundred day simple moving average of GBX 2,262.94.

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.