UBS Group Reaffirms “Buy” Rating for Bellway (LON:BWY)

UBS Group reissued their buy rating on shares of Bellway (LON:BWY) in a report published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently weighed in on the company. Goldman Sachs Group downgraded Bellway to a neutral rating in a research report on Thursday, June 13th. Numis Securities restated a buy rating on shares of Bellway in a research report on Monday, June 3rd. Shore Capital restated a hold rating on shares of Bellway in a research report on Thursday, August 8th. Peel Hunt restated an add rating on shares of Bellway in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group restated a buy rating on shares of Bellway in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 3,659.82 ($47.82).

Shares of BWY traded up GBX 336 ($4.39) during trading hours on Thursday, reaching GBX 3,536 ($46.20). 852,249 shares of the company’s stock traded hands, compared to its average volume of 535,129. The stock has a market cap of $4.36 billion and a PE ratio of 8.08. 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 firm’s 50 day simple moving average is GBX 3,113.64 and its 200-day simple moving average is GBX 2,970.16. Bellway has a 12 month low of GBX 333.45 ($4.36) and a 12 month high of GBX 3,396.65 ($44.38).

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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