Bellway (LON:BWY) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reissued their add rating on shares of Bellway (LON:BWY) in a report released on Monday morning, ThisIsMoney.Co.Uk reports.

BWY has been the topic of a number of other research reports. Citigroup reiterated a buy rating on shares of Bellway in a report on Wednesday, January 29th. Berenberg Bank increased their target price on Bellway from GBX 3,560 ($46.83) to GBX 4,220 ($55.51) and gave the stock a buy rating in a research report on Thursday, January 9th. Deutsche Bank raised their target price on Bellway from GBX 3,538 ($46.54) to GBX 4,132 ($54.35) and gave the company a buy rating in a research note on Tuesday, January 14th. UBS Group restated a buy rating on shares of Bellway in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Bellway in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 4,285.64 ($56.38).

LON:BWY opened at GBX 2,039 ($26.82) on Monday. The company has a 50-day moving average price of GBX 3,487.79 and a 200-day moving average price of GBX 3,499.22. Bellway has a 12 month low of GBX 38.96 ($0.51) and a 12 month high of GBX 4,336 ($57.04). The company has a current ratio of 4.38, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.51 billion and a price-to-earnings ratio of 4.67.

Bellway (LON:BWY) last announced its quarterly earnings results on Wednesday, March 25th. The company reported GBX 194.40 ($2.56) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 190 ($2.50) by GBX 4.40 ($0.06). Equities analysts forecast that Bellway will post 45238.9996116 EPS for the current fiscal year.

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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