Bellway (LON:BWY) Rating Reiterated by Peel Hunt

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Bellway (LON:BWY)‘s stock had its “add” rating reaffirmed by equities research analysts at Peel Hunt in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently weighed in on BWY. Liberum Capital boosted their target price on shares of from GBX 620 ($8.10) to GBX 640 ($8.36) and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Tuesday, June 11th. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,800 ($23.52) target price on shares of in a research note on Monday, June 3rd. Goldman Sachs Group set a $13.00 target price on shares of Ford Motor and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Jefferies Financial Group raised shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research note on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 3,642 ($47.59).

Shares of LON BWY opened at GBX 2,909 ($38.01) on Monday. Bellway has a 1-year low of GBX 2,407 ($31.45) and a 1-year high of GBX 3,233 ($42.24). The company has a market capitalization of $3.58 billion and a P/E ratio of 6.65. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.17 and a current ratio of 4.21. The business has a 50-day moving average of GBX 2,785.52.

About Bellway

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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