Brokerages Set Bellway p.l.c. (LON:BWY) PT at GBX 2,921.88

Bellway p.l.c. (LON:BWY) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,921.88.

BWY has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,150 price objective on shares of Bellway in a report on Wednesday, March 25th. Stifel Nicolaus lowered their target price on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a report on Thursday, March 26th. Bank of America cut their price target on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research report on Monday, January 19th.

Bellway Stock Performance

BWY opened at GBX 1,957.95 on Thursday. The business’s 50-day simple moving average is GBX 2,241.38 and its 200 day simple moving average is GBX 2,533.83. Bellway has a 52-week low of GBX 1,763 and a 52-week high of GBX 2,998. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The firm has a market capitalization of £2.27 billion, a PE ratio of 14.88, a PEG ratio of 3.40 and a beta of 1.41.

Bellway (LON:BWY) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. As a group, sell-side analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.