Bellway’s (LON:BWY) “Buy” Rating Reiterated at UBS Group

UBS Group restated their buy rating on shares of Bellway (LON:BWY) in a research report report published on Friday, June 7th, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on BWY. Berenberg Bank restated a buy rating and set a GBX 3,620 ($47.30) target price on shares of Bellway in a report on Wednesday, April 3rd. Liberum Capital restated a buy rating on shares of Bellway in a report on Wednesday, March 27th. Shore Capital cut shares of Bellway to a hold rating in a report on Tuesday, May 28th. Peel Hunt restated an add rating on shares of Bellway in a report on Monday, June 3rd. Finally, Barclays lowered their price target 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 research report on Monday, February 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Bellway currently has an average rating of Buy and an average price target of GBX 3,642 ($47.59).

LON:BWY traded up GBX 74 ($0.97) during trading hours on Friday, hitting GBX 2,785 ($36.39). The company had a trading volume of 376,449 shares, compared to its average volume of 535,129. Bellway has a 52 week low of GBX 2,407 ($31.45) and a 52 week high of GBX 3,233 ($42.24). The firm has a market cap of $3.43 billion and a P/E ratio of 6.36. 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 company’s 50-day simple moving average is GBX 2,812.28.

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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