Bellway (LON:BWY) Receives Buy Rating from Berenberg Bank

Bellway (LON:BWY)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 2,400 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 19.17% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,150 price target on shares of Bellway in a report on Wednesday, March 25th. Citigroup decreased their target price on Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating for the company in a research report on Thursday, June 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,394 price target on shares of Bellway in a research note on Wednesday, June 10th. Bank of America cut their price target on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Stifel Nicolaus reduced their price objective on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,449.75.

Bellway Stock Performance

Shares of Bellway stock remained flat at GBX 2,014 on Friday. The company’s stock had a trading volume of 612,645 shares, compared to its average volume of 5,215,270. The firm has a market cap of £2.30 billion, a P/E ratio of 15.30, a P/E/G ratio of 3.40 and a beta of 1.38. Bellway has a 52-week low of GBX 1,715 and a 52-week high of GBX 2,998. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The business has a 50 day moving average price of GBX 1,891.08 and a 200-day moving average price of GBX 2,295.66.

Bellway (LON:BWY) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. On average, analysts expect that Bellway will post 159.0741715 EPS for the current fiscal year.

About Bellway

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.