Bellway p.l.c. (LON:BWY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Bellway p.l.c. (LON:BWY – Get Free Report) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 2,449.75.

BWY has been the subject of several recent research reports. Citigroup cut their target price on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating for the company in a report on Thursday, June 11th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,394 price target on shares of Bellway in a research report on Wednesday, June 10th. JPMorgan Chase & Co. cut shares of Bellway to an “overweight” rating and cut their price objective for the company from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,400 price objective on shares of Bellway in a report on Friday, June 26th.

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Bellway Trading Down 1.4%

Bellway stock opened at GBX 1,988 on Friday. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 5.39. Bellway has a 12 month low of GBX 1,715 and a 12 month high of GBX 2,890. The stock’s 50 day simple moving average is GBX 1,899.62 and its two-hundred day simple moving average is GBX 2,163.22. The firm has a market cap of £2.24 billion, a PE ratio of 15.11, a P/E/G ratio of 3.40 and a beta of 1.37.

Bellway Company Profile

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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.

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