Brokerages Set Bellway p.l.c. (LON:BWY) PT at GBX 2,788.50

Bellway p.l.c. (LON:BWY) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 2,788.50.

A number of research firms recently issued reports on BWY. Jefferies Financial Group restated a “buy” rating and set a GBX 2,394 price objective on shares of Bellway in a research report on Tuesday, May 5th. Bank of America reduced their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research report on Friday, March 27th. Stifel Nicolaus reduced their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a research report on Wednesday, March 25th.

Bellway Stock Performance

LON:BWY opened at GBX 1,866 on Monday. Bellway has a 12-month low of GBX 1,763 and a 12-month high of GBX 2,998. The firm has a market capitalization of £2.15 billion, a P/E ratio of 14.18, a P/E/G ratio of 3.40 and a beta of 1.37. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The business has a 50 day simple moving average of GBX 1,968.21 and a 200 day simple moving average of GBX 2,444.29.

Bellway (LON:BWY) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. Equities research analysts predict that Bellway will post 159.0741715 EPS for the current year.

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