Bellway (LON:BWY) Stock Rating Lowered by Goldman Sachs Group
Goldman Sachs Group cut shares of Bellway (LON:BWY) to a neutral rating in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
BWY has been the topic of several other reports. Peel Hunt reiterated an add rating on shares of Bellway in a report on Monday, June 3rd. Numis Securities restated a buy rating on shares of Bellway in a research note on Monday, June 3rd. UBS Group reiterated a buy rating and set a GBX 3,600 ($47.04) price objective (down from GBX 3,800 ($49.65)) on shares of Bellway in a research note on Wednesday, March 13th. Berenberg Bank restated a buy rating and set a GBX 3,620 ($47.30) target price on shares of Bellway in a report on Wednesday, April 3rd. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 3,450 ($45.08) price objective on shares of Bellway in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Bellway presently has an average rating of Buy and an average target price of GBX 3,642 ($47.59).
BWY traded down GBX 17 ($0.22) during trading hours on Thursday, hitting GBX 2,755 ($36.00). The stock had a trading volume of 97,145 shares, compared to its average volume of 535,129. The firm has a market cap of $3.39 billion and a P/E ratio of 6.29. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.17 and a current ratio of 4.21. Bellway has a 1 year low of GBX 2,407 ($31.45) and a 1 year high of GBX 3,293 ($43.03).
Bellway Company Profile
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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