Bellway (LON:BWY) Rating Reiterated by Liberum Capital

Bellway (LON:BWY – Get Rating)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 3,040 ($38.25) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 33.76% from the company’s current price.

BWY has been the subject of several other reports. Barclays increased their price objective on Bellway from GBX 3,600 ($45.30) to GBX 3,660 ($46.06) and gave the company an “equal weight” rating in a report on Wednesday, February 9th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,230 ($53.23) price target on shares of Bellway in a report on Monday, January 31st. JPMorgan Chase & Co. decreased their price target on Bellway from GBX 4,380 ($55.12) to GBX 3,390 ($42.66) and set an “overweight” rating for the company in a report on Friday, March 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Bellway from GBX 3,421 ($43.05) to GBX 3,289 ($41.39) and set a “hold” rating for the company in a report on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 3,781.10 ($47.58).

BWY stock opened at GBX 2,272.76 ($28.60) on Wednesday. The company has a market capitalization of £2.81 billion and a P/E ratio of 6.82. Bellway has a twelve month low of GBX 2,156 ($27.13) and a twelve month high of GBX 3,712 ($46.71). The business has a 50 day simple moving average of GBX 2,494.99 and a 200-day simple moving average of GBX 2,856.12. The company has a current ratio of 5.36, a quick ratio of 0.52 and a debt-to-equity ratio of 3.79.

In other news, insider John F. Tutte purchased 20,000 shares of the company’s stock in a transaction dated Thursday, April 7th. The stock was acquired at an average price of GBX 2,545 ($32.02) per share, for a total transaction of £509,000 ($640,493.27).

About Bellway (Get Rating)

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 and Ashberry brands.

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