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

Shares of Bellway p.l.c. (LON:BWY) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 3,237.50.

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research report on Monday, December 8th. The Goldman Sachs Group initiated coverage on Bellway in a report on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 target price for the company. Jefferies Financial Group cut their target price on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. increased their price target on Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a report on Thursday, December 4th.

Bellway Stock Down 0.5%

Shares of LON:BWY opened at GBX 2,338 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 0.50 and a debt-to-equity ratio of 6.20. Bellway has a 12 month low of GBX 2,134 and a 12 month high of GBX 2,998. The company has a 50-day moving average price of GBX 2,713.02 and a 200 day moving average price of GBX 2,616.68. The company has a market cap of £2.73 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.40 and a beta of 1.22.

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.