Berenberg Bank Lowers Bellway (LON:BWY) Price Target to GBX 2,900

Bellway (LON:BWY - Get Free Report) had its price objective decreased by equities researchers at Berenberg Bank from GBX 3,200 to GBX 2,900 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 16.94% from the stock's previous close.

Several other analysts have also recently weighed in on BWY. Royal Bank Of Canada cut shares of Bellway to a "sector perform" rating and decreased their price objective for the stock from GBX 3,600 to GBX 3,150 in a research note on Wednesday, July 9th. Citigroup decreased their price objective on shares of Bellway from GBX 3,100 to GBX 3,000 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. 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 an average target price of GBX 3,016.67.

Bellway Price Performance

Bellway stock traded up GBX 56 during trading hours on Monday, hitting GBX 2,480. 113,577 shares of the stock were exchanged, compared to its average volume of 888,359. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. The stock has a market capitalization of £2.92 billion, a P/E ratio of 22.53, a P/E/G ratio of 3.40 and a beta of 1.46. Bellway has a 12 month low of GBX 2,134 and a 12 month high of GBX 3,384. The business's 50-day moving average is GBX 2,621.09 and its two-hundred day moving average is GBX 2,539.85.

Bellway Company Profile

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.