Bellway’s (BWY) “Add” Rating Reiterated at Peel Hunt

Bellway (LON:BWY)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a report released on Monday, June 10th, ThisIsMoney.Co.Uk reports.

A number of other analysts have also issued reports on the stock. Numis Securities reiterated a “buy” rating on shares of Bellway in a research note on Monday, June 3rd. Canaccord Genuity reiterated a “buy” rating and set a GBX 3,450 ($45.08) price objective on shares of Bellway in a research note on Wednesday, March 27th. Shore Capital reiterated a “buy” rating on shares of Bellway in a research note on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Bellway from GBX 4,100 ($53.57) to GBX 3,900 ($50.96) and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, HSBC lifted their price objective on shares of Bellway from GBX 3,870 ($50.57) to GBX 4,250 ($55.53) and gave the company a “buy” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Bellway 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) on Monday, hitting GBX 2,760 ($36.06). 230,199 shares of the stock traded hands, compared to its average volume of 535,129. The company has a market cap of $3.40 billion and a price-to-earnings ratio of 6.31. The stock’s fifty day simple moving average is GBX 2,794.24. Bellway has a 12 month low of GBX 2,407 ($31.45) and a 12 month high of GBX 3,233 ($42.24). 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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