Bellway (LON:BWY) Rating Increased to Overweight at JPMorgan Chase & Co.

Bellway (LON:BWY - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. to an "overweight" rating in a research report issued on Thursday, Marketbeat.com reports.

A number of other analysts have also commented on BWY. Citigroup reiterated a "buy" rating and issued a GBX 3,368 ($42.80) price target on shares of Bellway in a research note on Thursday, August 15th. Berenberg Bank lifted their price objective on Bellway from GBX 2,900 ($36.85) to GBX 3,200 ($40.66) and gave the stock a "hold" rating in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,204.20 ($40.71).

Bellway Stock Up 1.6 %

BWY stock traded up GBX 40.20 ($0.51) during trading on Thursday, hitting GBX 2,534.20 ($32.20). 361,645 shares of the stock traded hands, compared to its average volume of 438,604. The firm's 50 day moving average is GBX 2,853.20 and its two-hundred day moving average is GBX 2,835.32. Bellway has a 1 year low of GBX 2,384 ($30.29) and a 1 year high of GBX 3,384 ($43.00). The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The stock has a market cap of £3.01 billion, a price-to-earnings ratio of 1,394.44, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Insider Buying and Selling

In other news, insider Simon Scougall bought 515 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of GBX 2,528 ($32.12) per share, with a total value of £13,019.20 ($16,542.82). Also, insider Keith Adey sold 27,303 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($41.39), for a total value of £889,258.71 ($1,129,934.83). 3.73% of the stock is owned by corporate insiders.

About Bellway

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.