Bellway p.l.c. (LON:BWY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bellway p.l.c. (LON:BWY) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,237.50.

BWY has been the topic of several recent analyst reports. Citigroup raised their target price on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a report on Monday, December 8th. Jefferies Financial Group decreased their price objective on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research report on Monday, January 19th. The Goldman Sachs Group started coverage on shares of Bellway in a report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th.

Bellway Trading Down 2.9%

Shares of BWY stock opened at GBX 2,474 on Wednesday. The business has a 50-day moving average of GBX 2,742.54 and a 200 day moving average of GBX 2,618.44. The company has a debt-to-equity ratio of 6.20, a current ratio of 4.77 and a quick ratio of 0.50. Bellway has a 1-year low of GBX 2,134 and a 1-year high of GBX 2,998. The stock has a market capitalization of £2.89 billion, a PE ratio of 18.77, a P/E/G ratio of 3.40 and a beta of 1.25.

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.