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

UBS Group reiterated their buy rating on shares of Bellway (LON:BWY) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also commented on BWY. Berenberg Bank restated a buy rating and set a GBX 3,790 ($49.52) price objective (up from GBX 3,620 ($47.30)) on shares of Bellway in a research report on Thursday, August 29th. Goldman Sachs Group lowered Bellway to a neutral rating in a research report on Thursday, June 13th. Shore Capital restated a hold rating on shares of Bellway in a research report on Thursday, August 8th. Jefferies Financial Group restated a buy rating and set a GBX 3,875 ($50.63) price objective (up from GBX 3,574 ($46.70)) on shares of Bellway in a research report on Friday, September 27th. Finally, Liberum Capital restated a buy rating on shares of Bellway in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 3,659.82 ($47.82).

LON BWY traded down GBX 44 ($0.57) during trading on Friday, reaching GBX 3,492 ($45.63). 521,023 shares of the company’s stock were exchanged, compared to its average volume of 535,129. Bellway has a fifty-two week low of GBX 333.45 ($4.36) and a fifty-two week high of GBX 3,396.65 ($44.38). The firm has a market capitalization of $4.26 billion and a PE ratio of 7.98. The company has a current ratio of 4.21, a quick ratio of 0.17 and a debt-to-equity ratio of 2.23. The company’s fifty day simple moving average is GBX 3,113.64 and its 200-day simple moving average is GBX 2,970.16.

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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