Peel Hunt Cuts Bellway (LON:BWY) Price Target to GBX 2,750

Bellway (LON:BWY) had its target price decreased by Peel Hunt from GBX 4,330 ($53.29) to GBX 2,750 ($33.84) in a research report sent to investors on Wednesday, Stock Target Advisor reports. Peel Hunt currently has an add rating on the stock.

Several other research analysts have also recently commented on the company. Jefferies Financial Group reduced their target price on Bellway from GBX 3,800 ($46.76) to GBX 3,444 ($42.38) and set a buy rating for the company in a research report on Friday, June 26th. Deutsche Bank reduced their target price on Bellway from GBX 4,132 ($50.85) to GBX 3,093 ($38.06) and set a buy rating for the company in a research report on Wednesday, April 8th. Peel Hunt reiterated an add rating and set a GBX 4,330 ($53.29) price objective on shares of Bellway in a research note on Tuesday, June 9th. Berenberg Bank dropped their price objective on Bellway from GBX 4,220 ($51.93) to GBX 2,710 ($33.35) and set a buy rating for the company in a research note on Friday, March 27th. Finally, HSBC increased their price objective on Bellway from GBX 3,080 ($37.90) to GBX 4,150 ($51.07) and gave the stock a buy rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 3,451.67 ($42.48).

Shares of BWY stock opened at GBX 2,651 ($32.62) on Wednesday. The stock has a market cap of $3.20 billion and a P/E ratio of 6.12. Bellway has a one year low of GBX 38.96 ($0.48) and a one year high of GBX 4,336 ($53.36). The stock has a fifty day moving average price of GBX 2,626.02 and a 200 day moving average price of GBX 3,105.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 5.24 and a quick ratio of 0.26.

Bellway Company Profile

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.

See Also: The Structure of a Futures Contract

Analyst Recommendations for Bellway (LON:BWY)

Receive News & Ratings for Bellway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway and related companies with MarketBeat.com's FREE daily email newsletter.