Bellway’s (BWY) “Buy” Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Bellway (LON:BWY) in a report released on Thursday morning, Marketbeat Ratings reports. Citigroup currently has a GBX 3,368 ($43.00) target price on the stock.

Several other research firms have also weighed in on BWY. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 3,013 ($38.47) target price on shares of Bellway in a research note on Monday, June 10th. JPMorgan Chase & Co. reissued a neutral rating on shares of Bellway in a research note on Friday, July 5th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 3,650 ($46.60) target price on shares of Bellway in a research note on Tuesday, June 18th.

Bellway Stock Performance

Shares of Bellway stock opened at GBX 3,026 ($38.64) on Thursday. Bellway has a 52 week low of GBX 1,972 ($25.18) and a 52 week high of GBX 3,144 ($40.14). The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78. The stock has a market capitalization of £3.59 billion, a price-to-earnings ratio of 1,681.11, a PEG ratio of 3.38 and a beta of 1.46. The firm has a fifty day moving average of GBX 2,703.50 and a two-hundred day moving average of GBX 2,689.69.

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.