Berenberg Bank Reaffirms “Hold” Rating for Bellway (LON:BWY)

Bellway (LON:BWY)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Monday, MarketBeat reports. They currently have a GBX 2,900 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 26.42% from the stock’s previous close.

Several other research firms also recently issued reports on BWY. Royal Bank Of Canada downgraded shares of Bellway to a “sector perform” rating and dropped their price objective for the stock from GBX 3,600 to GBX 3,150 in a report on Wednesday, July 9th. Citigroup dropped their price objective on shares of Bellway from GBX 3,100 to GBX 3,000 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,016.67.

Bellway Stock Performance

Shares of BWY opened at GBX 2,294 on Monday. The company has a market capitalization of £2.72 billion, a PE ratio of 1,866.56, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a one year low of GBX 2,134 and a one year high of GBX 3,384. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The company’s fifty day moving average price is GBX 2,483.73 and its 200 day moving average price is GBX 2,530.41.

Bellway Company Profile

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.