Bellway’s (BWY) Buy Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of Bellway (LON:BWY) in a report released on Thursday, ThisIsMoney.Co.Uk reports.

BWY has been the subject of a number of other reports. Liberum Capital restated a buy rating on shares of Bellway in a report on Thursday, August 8th. Numis Securities restated a buy rating on shares of Bellway in a report on Monday, June 3rd. Berenberg Bank restated a buy rating and issued a GBX 3,790 ($49.52) price objective (up from GBX 3,620 ($47.30)) on shares of Bellway in a report on Thursday, August 29th. Jefferies Financial Group restated a buy rating on shares of Bellway in a report on Tuesday, June 25th. Finally, Shore Capital restated a hold rating on shares of Bellway in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 3,638.30 ($47.54).

LON BWY opened at GBX 3,291 ($43.00) on Thursday. The company has a market capitalization of $4.05 billion and a price-to-earnings ratio of 7.52. Bellway has a twelve month low of GBX 2,407 ($31.45) and a twelve month high of GBX 3,301 ($43.13). The stock has a fifty day simple moving average of GBX 2,952.40 and a 200 day simple moving average of GBX 2,946.86. The company has a quick ratio of 0.17, a current ratio of 4.21 and a debt-to-equity ratio of 2.23.



Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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Analyst Recommendations for Bellway (LON:BWY)

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