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.
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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