Bellway (LON:BWY) Sets New 1-Year High at $4,179.00

Bellway plc (LON:BWY) hit a new 52-week high on Thursday . The company traded as high as GBX 4,179 ($54.97) and last traded at GBX 4,171 ($54.87), with a volume of 88088 shares traded. The stock had previously closed at GBX 4,161 ($54.74).

A number of brokerages recently weighed in on BWY. Citigroup restated a “buy” rating on shares of Bellway in a report on Wednesday, January 29th. Peel Hunt restated an “add” rating on shares of Bellway in a report on Monday, February 3rd. Berenberg Bank boosted their price objective on shares of Bellway from GBX 3,560 ($46.83) to GBX 4,220 ($55.51) and gave the stock a “buy” rating in a report on Thursday, January 9th. Canaccord Genuity boosted their price objective on shares of Bellway from GBX 3,590 ($47.22) to GBX 4,260 ($56.04) and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, HSBC boosted their price objective on shares of Bellway from GBX 4,290 ($56.43) to GBX 4,300 ($56.56) and gave the stock a “buy” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Bellway currently has an average rating of “Buy” and a consensus target price of GBX 4,162.33 ($54.75).

The firm has a market capitalization of $5.21 billion and a PE ratio of 9.70. The company has a current ratio of 4.38, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is GBX 3,968.66 and its two-hundred day simple moving average is GBX 3,409.04.

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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