Bellway (LON:BWY) Given “Buy” Rating at Numis Securities

Bellway (LON:BWY)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities in a note issued to investors on Wednesday, May 1st, ThisIsMoney.Co.Uk reports.

Several other analysts have also weighed in on BWY. Berenberg Bank reissued a “buy” rating and issued a GBX 3,620 ($47.30) price objective on shares of Bellway in a report on Wednesday, April 3rd. Liberum Capital reaffirmed a “buy” rating on shares of Bellway in a report on Wednesday, March 27th. Peel Hunt reissued an “add” rating on shares of Bellway in a report on Wednesday, March 27th. Bank of America raised Bellway to a “neutral” rating and increased their price objective for the stock from GBX 2,630 ($34.37) to GBX 3,000 ($39.20) in a report on Friday, January 11th. Finally, Barclays decreased their price objective on Bellway from GBX 3,390 ($44.30) to GBX 3,375 ($44.10) and set an “equal weight” rating for the company in a report on Monday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Bellway currently has an average rating of “Buy” and a consensus target price of GBX 3,642 ($47.59).

Bellway stock traded down GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 2,967 ($38.77). The stock had a trading volume of 149,526 shares, compared to its average volume of 535,129. The company has a quick ratio of 0.17, a current ratio of 4.21 and a debt-to-equity ratio of 2.23. The firm has a market cap of $3.65 billion and a P/E ratio of 6.78. Bellway has a 12 month low of GBX 2,407 ($31.45) and a 12 month high of GBX 3,439 ($44.94).

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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