Bellway’s (BWY) “Buy” Rating Reaffirmed at UBS Group
UBS Group restated their buy rating on shares of Bellway (LON:BWY) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports.
BWY has been the subject of a number of other reports. Deutsche Bank increased their target price 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. Citigroup reiterated a buy rating on shares of Bellway in a report on Wednesday, January 29th. HSBC increased their target price 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 report on Thursday, February 20th. Canaccord Genuity increased their target price 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 report on Tuesday, January 7th. Finally, Berenberg Bank increased their target price on shares of Bellway from GBX 3,560 ($46.83) to GBX 4,220 ($55.51) and gave the stock a buy rating in a report on Thursday, January 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 4,253.50 ($55.95).
Shares of Bellway stock traded up GBX 135 ($1.78) during trading on Friday, reaching GBX 2,014 ($26.49). 681,913 shares of the stock were exchanged, compared to its average volume of 535,129. The company has a quick ratio of 0.37, a current ratio of 4.38 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is GBX 3,687.20 and its 200 day moving average is GBX 3,520.87. The firm has a market cap of $2.48 billion and a price-to-earnings ratio of 4.62. Bellway has a 1 year low of GBX 38.96 ($0.51) and a 1 year high of GBX 4,336 ($57.04).
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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