Bellway (LON:BWY) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Bellway (LON:BWY)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 2,917 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 33.93% from the stock’s current price.

BWY has been the subject of a number of other reports. Citigroup boosted their price target on Bellway from GBX 2,300 to GBX 2,500 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group cut their target price on shares of Bellway from GBX 2,394 to GBX 2,380 and set a “buy” rating for the company in a report on Wednesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,400 target price on shares of Bellway in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and lowered their price target for the stock from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,522.33.

Bellway Stock Performance

LON BWY opened at GBX 2,178 on Wednesday. Bellway has a fifty-two week low of GBX 1,715 and a fifty-two week high of GBX 2,890. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The firm has a market capitalization of £2.45 billion, a P/E ratio of 16.55, a PEG ratio of 3.40 and a beta of 1.37. The stock has a 50-day simple moving average of GBX 1,929.26 and a two-hundred day simple moving average of GBX 2,128.36.

Bellway Company Profile

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.