Bellway (LON:BWY) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt restated their add rating on shares of Bellway (LON:BWY) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.

BWY has been the topic of a number of other reports. JPMorgan Chase & Co. reissued an overweight rating on shares of Bellway in a report on Tuesday, February 4th. Liberum Capital reissued a buy rating on shares of Bellway in a report on Friday, February 7th. HSBC raised their price target on Bellway from GBX 4,300 ($56.56) to GBX 5,470 ($71.95) and gave the company a buy rating in a report on Thursday, February 20th. Canaccord Genuity raised their price target on Bellway from GBX 3,590 ($47.22) to GBX 4,260 ($56.04) and gave the company a buy rating in a report on Tuesday, January 7th. Finally, Credit Suisse Group initiated coverage on Bellway in a report on Tuesday, February 4th. They set an outperform rating and a GBX 4,650 ($61.17) price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Bellway presently has a consensus rating of Buy and an average price target of GBX 4,285.64 ($56.38).

Shares of Bellway stock opened at GBX 2,039 ($26.82) on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 4.38. The stock’s fifty day moving average is GBX 3,487.79 and its 200 day moving average is GBX 3,499.22. The stock has a market cap of $2.51 billion and a P/E ratio of 4.67. Bellway has a one year low of GBX 38.96 ($0.51) and a one year high of GBX 4,336 ($57.04).

Bellway (LON:BWY) last posted its quarterly earnings results on Wednesday, March 25th. The company reported GBX 194.40 ($2.56) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 190 ($2.50) by GBX 4.40 ($0.06). Analysts predict that Bellway will post 45238.9996116 EPS for the current year.

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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