Brokerages Set Bellway p.l.c. (LON:BWY) PT at GBX 2,449.75

Shares of Bellway p.l.c. (LON:BWY) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,449.75.

BWY has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded Bellway to an “overweight” rating and reduced their price objective for the stock from GBX 3,480 to GBX 2,410 in a research report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,394 target price on shares of Bellway in a research note on Wednesday, June 10th. Berenberg Bank reissued a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a research report on Friday, June 26th. Finally, Citigroup lowered their price target on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating on the stock in a research report on Thursday, June 11th.

Bellway Trading Up 1.2%

Shares of BWY opened at GBX 2,124 on Friday. Bellway has a 52-week low of GBX 1,715 and a 52-week high of GBX 2,890. The stock has a market cap of £2.39 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. The firm’s fifty day moving average is GBX 1,916.92 and its two-hundred day moving average is GBX 2,140.78. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39.

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.