Bellway (LON:BWY) was downgraded by investment analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Tuesday, LSE.Co.UK reports. They presently have a GBX 3,550 ($46.39) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 6.99% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. UBS Group reissued a “buy” rating on shares of Bellway in a report on Friday, October 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,790 ($49.52) price objective (up from GBX 3,620 ($47.30)) on shares of Bellway in a report on Thursday, August 29th. Deutsche Bank began coverage on Bellway in a report on Wednesday, September 4th. They issued a “buy” rating and a GBX 3,538 ($46.23) price objective for the company. Liberum Capital reissued a “buy” rating and issued a GBX 3,500 ($45.73) price objective on shares of Bellway in a report on Tuesday. Finally, Shore Capital reissued a “hold” rating on shares of Bellway in a report on Monday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,642.92 ($47.60).

Shares of BWY stock opened at GBX 3,318 ($43.36) on Tuesday. Bellway has a 12-month low of GBX 333.45 ($4.36) and a 12-month high of GBX 3,562 ($46.54). The firm has a market capitalization of $4.09 billion and a price-to-earnings ratio of 7.58. The business has a 50 day simple moving average of GBX 3,177.50 and a 200 day simple moving average of GBX 2,981.72. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17.

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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