Bellway (LON:BWY) Reaches New 52-Week High at $3,222.00

Bellway p.l.c. (LON:BWY) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,222 ($43.14) and last traded at GBX 3,151.72 ($42.20), with a volume of 11897 shares trading hands. The stock had previously closed at GBX 3,148 ($42.15).

Analysts Set New Price Targets

Several brokerages have issued reports on BWY. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,650 ($48.88) target price on shares of Bellway in a research note on Tuesday, June 18th. Citigroup restated a “buy” rating and set a GBX 3,368 ($45.10) price target on shares of Bellway in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,013 ($40.35) price objective on shares of Bellway in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Bellway in a report on Friday, July 5th.

Bellway Trading Up 0.6 %

The stock has a market cap of £3.72 billion, a PE ratio of 1,737.78, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46. The company’s 50-day moving average price is GBX 2,974.72 and its 200 day moving average price is GBX 2,756.92. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78.

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.