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

Bellway p.l.c. (LON:BWY – Get Free Report) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 2,412.25.

Several research firms have commented on BWY. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a research note on Wednesday, March 25th. Citigroup decreased their target price on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Berenberg Bank decreased their target price on shares of Bellway from GBX 2,800 to GBX 2,100 and set a “hold” rating on the stock in a research note on Thursday, June 11th. JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and decreased their target price for the stock from GBX 3,480 to GBX 2,410 in a research note on Tuesday. Finally, Stifel Nicolaus decreased their target price on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a research note on Thursday, March 26th.

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Bellway Trading Up 2.0%

BWY stock opened at GBX 1,844 on Friday. The company has a market capitalization of £2.10 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 3.40 and a beta of 1.38. Bellway has a one year low of GBX 1,715 and a one year high of GBX 2,998. The company’s 50 day moving average price is GBX 1,900.80 and its two-hundred day moving average price is GBX 2,338.61. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26.

Bellway (LON:BWY – Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. As a group, analysts predict that Bellway will post 159.0741715 earnings per share for the current fiscal year.

About Bellway

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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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