Bellway (LON:BWY) Price Target Raised to GBX 2,500

Bellway (LON:BWY) had its target price lifted by Citigroup from GBX 2,300 to GBX 2,500 in a research report report published on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

BWY has been the subject of a number of other research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,400 price objective on shares of Bellway in a report on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,394 target price on shares of Bellway in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and reduced their target price for the stock from GBX 3,480 to GBX 2,410 in a research report on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,522.33.

Bellway Trading Down 0.8%

BWY opened at GBX 2,182 on Wednesday. The stock has a market cap of £2.46 billion, a PE ratio of 16.58, a PEG ratio of 3.40 and a beta of 1.37. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The business has a 50 day moving average of GBX 1,949.94 and a 200-day moving average of GBX 2,121.22. Bellway has a 52 week low of GBX 1,715 and a 52 week high of GBX 2,890.

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.