Shares of Bellway p.l.c. (LON:BWY) have earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 3,582.90 ($46.81).
Several brokerages have recently issued reports on BWY. JPMorgan Chase & Co. boosted their price target on shares of Bellway from GBX 3,400 ($44.42) to GBX 3,500 ($45.73) and gave the company an “overweight” rating in a report on Wednesday, February 10th. Liberum Capital reissued a “buy” rating and issued a GBX 3,350 ($43.77) price objective on shares of Bellway in a research note on Tuesday, February 9th. UBS Group dropped their price target on shares of Bellway from GBX 4,040 ($52.78) to GBX 3,780 ($49.39) and set a “buy” rating for the company in a research note on Thursday, March 18th. Canaccord Genuity restated a “buy” rating and issued a GBX 3,330 ($43.51) price target on shares of Bellway in a report on Tuesday, February 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,560 ($46.51) price objective on shares of Bellway in a research note on Monday, February 8th.
BWY traded down GBX 71 ($0.93) during midday trading on Thursday, reaching GBX 3,541 ($46.26). 375,393 shares of the company’s stock were exchanged, compared to its average volume of 322,553. Bellway has a one year low of GBX 2,059 ($26.90) and a one year high of GBX 3,756 ($49.07). The business has a 50-day simple moving average of GBX 3,541.76 and a two-hundred day simple moving average of GBX 3,042.98. The company has a quick ratio of 0.47, a current ratio of 4.32 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of £4.37 billion and a price-to-earnings ratio of 23.96.
Bellway Company Profile
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 and Ashberry brands.
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