Bellway (LON:BWY) Sets New 1-Year High at $3,234.00

Bellway plc (LON:BWY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 3,234 ($42.26) and last traded at GBX 3,189 ($41.67), with a volume of 73683 shares traded. The stock had previously closed at GBX 3,169 ($41.41).

A number of equities research analysts recently issued reports on BWY shares. Goldman Sachs Group cut shares of Bellway to a “neutral” rating in a report on Thursday, June 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,790 ($49.52) price objective (up from GBX 3,620 ($47.30)) on shares of Bellway in a report on Thursday, August 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Bellway in a report on Tuesday, June 25th. Deutsche Bank started coverage on shares of Bellway in a report on Wednesday, September 4th. They issued a “buy” rating and a GBX 3,538 ($46.23) price objective for the company. Finally, UBS Group reiterated a “buy” rating on shares of Bellway in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 3,638.30 ($47.54).

The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17. The stock’s fifty day simple moving average is GBX 2,904.90 and its 200-day simple moving average is GBX 2,932.94. The company has a market capitalization of $4.07 billion and a P/E ratio of 7.54.

About Bellway (LON:BWY)

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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