Bellway (LON:BWY) Receives "Hold" Rating from Berenberg Bank

Key Points

• Berenberg Bank has restated its "hold" rating on Bellway and set a price target of GBX 2,900, suggesting a potential upside of 25% from its previous close.
• Other analysts, including Citigroup and Royal Bank Of Canada, have lowered their target prices on Bellway, indicating a mixed outlook for the stock with a consensus "Moderate Buy" rating.
• Currently trading at GBX 2,320, Bellway's stock has experienced a 12-month low of GBX 2,134 and a high of GBX 3,384.

Bellway (LON:BWY - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Monday, MarketBeat reports. They currently have a GBX 2,900 price target on the stock. Berenberg Bank's price target suggests a potential upside of 25.32% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Citigroup lowered their price target on Bellway from GBX 3,100 to GBX 3,000 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Royal Bank Of Canada lowered Bellway to a "sector perform" rating and lowered their target price for the stock from GBX 3,600 to GBX 3,150 in a report on Wednesday, July 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,016.67.

Bellway Price Performance

BWY traded down GBX 6 on Monday, reaching GBX 2,314. The company had a trading volume of 178,571 shares, compared to its average volume of 1,020,191. Bellway has a one year low of GBX 2,134 and a one year high of GBX 3,384. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The company has a market capitalization of £2.74 billion, a P/E ratio of 1,882.83, a PEG ratio of 3.40 and a beta of 1.46. The company has a fifty day moving average of GBX 2,462.72 and a 200-day moving average of GBX 2,528.69.

About Bellway

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.