Analysts Set Bellway p.l.c. (LON:BWY) PT at GBX 3,025

Shares of Bellway p.l.c. (LON:BWY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 2,921.88.

Several research analysts have recently issued reports on BWY shares. Bank of America decreased their price objective on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a report on Friday, March 27th. Stifel Nicolaus cut their target price 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a research note on Wednesday, March 25th. JPMorgan Chase & Co. lifted their price target on Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Citigroup boosted their price objective on Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a research note on Monday, December 8th.

Bellway Stock Performance

BWY stock opened at GBX 1,844 on Friday. The company has a 50-day simple moving average of GBX 2,511.20 and a 200 day simple moving average of GBX 2,589.01. The company has a market capitalization of £2.15 billion, a P/E ratio of 13.99, a PEG ratio of 3.40 and a beta of 1.22. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. Bellway has a fifty-two week low of GBX 1,763 and a fifty-two week high of GBX 2,998.

Bellway (LON:BWY) last released its earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. Sell-side analysts predict 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.