Bellway (LON:BWY) Sets New 12-Month High at $3,202.00

Bellway p.l.c. (LON:BWY) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 3,202 ($42.30) and last traded at GBX 3,142 ($41.51), with a volume of 1654 shares changing hands. The stock had previously closed at GBX 3,134 ($41.40).

Wall Street Analysts Forecast Growth

BWY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,013 ($39.80) target price on shares of Bellway in a report on Monday, June 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 3,650 ($48.22) price objective on shares of Bellway in a research note on Tuesday, June 18th. Citigroup restated a “buy” rating and set a GBX 3,368 ($44.49) target price on shares of Bellway in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a report on Friday, July 5th.

Bellway Price Performance

The firm has a market cap of £3.73 billion, a price-to-earnings ratio of 1,731.11, a P/E/G ratio of 3.54 and a beta of 1.46. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78. The stock’s fifty day moving average price is GBX 2,921.76 and its 200-day moving average price is GBX 2,741.22.

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.