Bellway (LON:BWY) Reaches New 1-Year High – Still a Buy?

Shares of Bellway p.l.c. (LON:BWY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,280 ($42.83) and last traded at GBX 3,254 ($42.49), with a volume of 1267942 shares. The stock had previously closed at GBX 3,052 ($39.85).

Wall Street Analyst Weigh In

BWY has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a research report on Friday, July 5th. Citigroup reiterated a “buy” rating and issued a GBX 3,368 ($43.98) target price on shares of Bellway in a research note on Thursday, August 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 3,650 ($47.66) price target on shares of Bellway in a research note on Tuesday, June 18th.

Bellway Stock Performance

The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. The stock has a market capitalization of £3.92 billion, a PE ratio of 1,695.56, a PEG ratio of 3.40 and a beta of 1.46. The firm has a 50 day moving average price of GBX 3,050.16 and a 200-day moving average price of GBX 2,790.42.

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.