Bellway p.l.c. (LON:BWY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bellway p.l.c. (LON:BWY) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 2,788.50.

BWY has been the topic of several research reports. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,150 price objective on shares of Bellway in a report on Wednesday, March 25th. Stifel Nicolaus lowered their price objective on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,394 price objective on shares of Bellway in a report on Wednesday. Finally, Bank of America lowered their target price on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a report on Friday, March 27th.

Bellway Stock Up 3.8%

BWY stock opened at GBX 1,780 on Friday. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. Bellway has a fifty-two week low of GBX 1,715 and a fifty-two week high of GBX 2,998. The stock’s 50 day simple moving average is GBX 1,908.40 and its 200 day simple moving average is GBX 2,359.86. The company has a market cap of £2.03 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 3.40 and a beta of 1.38.

Bellway (LON:BWY) last issued its earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. On average, research analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.