Bellway’s (BWY) Buy Rating Reiterated at Liberum Capital

Bellway (LON:BWY)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a note issued to investors on Tuesday, June 11th, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently commented on BWY. Peel Hunt reissued an “add” rating on shares of Bellway in a research note on Monday, June 10th. UBS Group reissued 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 shares of Bellway to a “hold” rating in a research note on Tuesday, May 28th. Finally, 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,642 ($47.59).

LON BWY traded down GBX 74 ($0.97) during mid-day trading on Tuesday, reaching GBX 2,760 ($36.06). 230,199 shares of the stock were exchanged, compared to its average volume of 535,129. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17. The firm has a market capitalization of $3.40 billion and a PE ratio of 6.31. Bellway has a 1-year low of GBX 2,407 ($31.45) and a 1-year high of GBX 3,233 ($42.24). The firm’s fifty day simple moving average is GBX 2,794.24.

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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Analyst Recommendations for Bellway (LON:BWY)

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