Bellway (LON:BWY) Stock Rating Reaffirmed by Citigroup

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

A number of other brokerages also recently issued reports on BWY. JPMorgan Chase & Co. reiterated a neutral rating on shares of Bellway in a research report on Friday, July 5th. Royal Bank of Canada reiterated an outperform rating and set a GBX 3,650 ($46.60) target price on shares of Bellway in a research report on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 3,013 ($38.47) price target on shares of Bellway in a report on Monday, June 10th.

Bellway Price Performance

LON:BWY 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 stock has a fifty day moving average of GBX 2,703.50 and a 200 day moving average of GBX 2,689.69. 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 firm has a market capitalization of £3.59 billion, a price-to-earnings ratio of 1,681.11, a P/E/G ratio of 3.38 and a beta of 1.46.

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.