Bellway p.l.c. (LON:BWY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Bellway p.l.c. (LON:BWY) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,921.88.

A number of research firms recently commented on BWY. Jefferies Financial Group cut their price objective on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research note on Monday, January 19th. Bank of America decreased their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a report on Friday, March 27th. Stifel Nicolaus decreased their price objective on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a report on Thursday, March 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a report on Wednesday, March 25th.

Bellway Stock Performance

Shares of BWY stock opened at GBX 1,873 on Thursday. The business’s 50-day moving average price is GBX 2,185.02 and its 200-day moving average price is GBX 2,522.51. Bellway has a 12 month low of GBX 1,763 and a 12 month high of GBX 2,998. The firm has a market capitalization of £2.17 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 3.40 and a beta of 1.41. 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 (LON:BWY) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. Equities research analysts forecast that Bellway will post 159.0741715 EPS for the current year.

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, Ashberry, and Bellway London brands. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.