Bellway (LON:BWY) Earns Hold Rating from Berenberg Bank

Bellway (LON:BWY)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Monday, Marketbeat.com reports. They presently have a GBX 2,900 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 26.42% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Citigroup dropped their target price on shares of Bellway from GBX 3,100 to GBX 3,000 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Royal Bank Of Canada downgraded shares of Bellway to a “sector perform” rating and lowered their target price for the company from GBX 3,600 to GBX 3,150 in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,016.67.

Bellway Price Performance

LON:BWY opened at GBX 2,294 on Monday. The firm has a market cap of £2.72 billion, a PE ratio of 1,866.56, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a 12 month low of GBX 2,134 and a 12 month high of GBX 3,384. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75. The company’s 50-day moving average price is GBX 2,483.73 and its two-hundred day moving average price is GBX 2,530.41.

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.