Shares of Bellway plc (LON:BWY) have earned an average recommendation of “Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 3,477.73 ($42.80).

Several analysts recently issued reports on BWY shares. Liberum Capital boosted their price objective on shares of Bellway from GBX 2,680 ($32.98) to GBX 3,250 ($40.00) and gave the company a “buy” rating in a report on Tuesday, June 9th. Credit Suisse Group reduced their price target on shares of Bellway from GBX 4,650 ($57.22) to GBX 3,768 ($46.37) and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Peel Hunt lowered their price objective on shares of Bellway from GBX 4,330 ($53.29) to GBX 2,750 ($33.84) and set an “add” rating for the company in a research report on Wednesday, July 8th. Peel Hunt reiterated an “add” rating and issued a GBX 4,330 ($53.29) target price on shares of Bellway in a report on Tuesday, June 9th. Finally, UBS Group reissued a “buy” rating and issued a GBX 3,560 ($43.81) target price (up previously from GBX 3,190 ($39.26)) on shares of Bellway in a research report on Tuesday, July 28th.

Shares of Bellway stock opened at GBX 2,546 ($31.33) on Tuesday. The firm has a market cap of $3.14 billion and a PE ratio of 6.01. The company has a quick ratio of 0.26, a current ratio of 5.24 and a debt-to-equity ratio of 0.66. Bellway has a 52 week low of GBX 23.54 ($0.29) and a 52 week high of GBX 4,336 ($53.36). The business’s fifty day simple moving average is GBX 2,630.54 and its 200-day simple moving average is GBX 2,984.48.

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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