Bellway (LON:BWY) Rating Lowered to Hold at Shore Capital

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Bellway (LON:BWY) was downgraded by research analysts at Shore Capital to a “hold” rating in a research report issued on Tuesday, May 28th, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also issued reports on the company. Berenberg Bank reduced their price target on Bellway from GBX 3,780 ($49.39) to GBX 3,620 ($47.30) and set a “buy” rating on the stock in a research report on Monday, January 28th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,500 ($45.73) price target on shares of Bellway in a research report on Thursday, February 7th. Peel Hunt reaffirmed a “buy” rating on shares of Bellway in a research report on Thursday, February 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Bellway in a research report on Friday, February 8th. Finally, Barclays reduced their price target on Bellway from GBX 3,390 ($44.30) to GBX 3,375 ($44.10) and set an “equal weight” rating on the stock in a research report on Monday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 3,642 ($47.59).

Bellway stock traded down GBX 29 ($0.38) during midday trading on Tuesday, reaching GBX 2,796 ($36.53). 454,581 shares of the stock traded hands, compared to its average volume of 535,129. Bellway has a 12-month low of GBX 2,407 ($31.45) and a 12-month high of GBX 3,434 ($44.87). The stock has a market capitalization of $3.45 billion and a price-to-earnings ratio of 6.39. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17.

About Bellway

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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Analyst Recommendations for Bellway (LON:BWY)

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