Brokerages Set Bellway p.l.c. (LON:BWY) Price Target at GBX 3,237.50

Shares of Bellway p.l.c. (LON:BWY) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 3,237.50.

BWY has been the topic of several analyst reports. The Goldman Sachs Group started coverage on shares of Bellway in a report on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 target price on the stock. Citigroup raised their price objective on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. boosted their target price on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Jefferies Financial Group cut their target price on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research note on Monday, January 19th.

Bellway Price Performance

Shares of LON BWY opened at GBX 2,831.15 on Friday. The stock has a fifty day moving average price of GBX 2,707.23 and a 200 day moving average price of GBX 2,590.18. Bellway has a 1-year low of GBX 2,134 and a 1-year high of GBX 2,998. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market cap of £3.31 billion, a PE ratio of 21.48, a P/E/G ratio of 3.40 and a beta of 1.46.

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.