Bellway’s (BWY) “Buy” Rating Reiterated at Liberum Capital

Liberum Capital restated their buy rating on shares of Bellway (LON:BWY) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently commented on BWY. Numis Securities restated a buy rating and set a GBX 1,800 ($23.52) target price on shares of in a report on Monday, June 3rd. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Peel Hunt restated a hold rating and set a GBX 935 ($12.22) target price (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday. JPMorgan Chase & Co. cut VESTAS WIND SYS/ADR from a neutral rating to an underweight rating in a report on Thursday, March 21st. Finally, Canaccord Genuity cut Cronos Group from a hold rating to a sell rating and set a C$17.00 target price on the stock. in a report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Bellway currently has a consensus rating of Buy and an average target price of GBX 3,642 ($47.59).

Shares of BWY stock opened at GBX 2,825 ($36.91) on Tuesday. The business’s fifty day simple moving average is GBX 2,767.14. The company has a quick ratio of 0.17, a current ratio of 4.21 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $3.48 billion and a PE ratio of 6.45. Bellway has a 52 week low of GBX 2,407 ($31.45) and a 52 week high of GBX 3,233 ($42.24).

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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