Peel Hunt Reaffirms “Add” Rating for Bellway (LON:BWY)
Peel Hunt reaffirmed their add rating on shares of Bellway (LON:BWY) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently issued reports on the company. UBS Group reaffirmed a buy rating on shares of Bellway in a research note on Friday, June 7th. Numis Securities reaffirmed a buy rating on shares of Bellway in a research note on Monday, June 3rd. Shore Capital downgraded Bellway to a hold rating in a research note on Tuesday, May 28th. Berenberg Bank reaffirmed a buy rating and set a GBX 3,620 ($47.30) price target on shares of Bellway in a research note on Wednesday, April 3rd. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 3,450 ($45.08) price target on shares of Bellway in a research note on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 3,642 ($47.59).
LON:BWY opened at GBX 2,780 ($36.33) on Monday. The firm has a market cap of $3.42 billion and a PE ratio of 6.35. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17. Bellway has a 52-week low of GBX 2,407 ($31.45) and a 52-week high of GBX 3,434 ($44.87).
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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