Bellway (LON:BWY) Upgraded to “Buy” by Jefferies Financial Group
Jefferies Financial Group upgraded shares of Bellway (LON:BWY) to a buy rating in a research report released on Thursday morning, Stock Target Advisor reports. The firm currently has GBX 4,180 ($54.99) target price on the stock, down from their previous target price of GBX 4,801 ($63.15).
BWY has been the topic of a number of other research reports. HSBC increased their price objective on shares of Bellway from GBX 4,300 ($56.56) to GBX 5,470 ($71.95) and gave the stock a buy rating in a research note on Thursday, February 20th. Credit Suisse Group began coverage on shares of Bellway in a research note on Tuesday, February 4th. They issued an outperform rating and a GBX 4,650 ($61.17) price objective on the stock. Canaccord Genuity increased their price objective on shares of Bellway from GBX 3,590 ($47.22) to GBX 4,260 ($56.04) and gave the stock a buy rating in a research note on Tuesday, January 7th. Deutsche Bank increased their price target on shares of Bellway from GBX 3,538 ($46.54) to GBX 4,132 ($54.35) and gave the stock a buy rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Bellway in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 4,253.50 ($55.95).
Shares of LON:BWY traded up GBX 135 ($1.78) during midday trading on Thursday, reaching GBX 2,014 ($26.49). The company’s stock had a trading volume of 681,913 shares, compared to its average volume of 535,129. The firm has a market capitalization of $2.48 billion and a PE ratio of 4.62. Bellway has a twelve month low of GBX 38.96 ($0.51) and a twelve month high of GBX 4,336 ($57.04). The stock has a fifty day moving average of GBX 3,687.20 and a 200 day moving average of GBX 3,520.87. The company has a quick ratio of 0.37, a current ratio of 4.38 and a debt-to-equity ratio of 0.51.
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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