Bellway’s (BWY) “Buy” Rating Reaffirmed at Jefferies Financial Group

Bellway (LON:BWY)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 2,394 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 24.69% from the stock’s previous close.

Several other brokerages also recently weighed in on BWY. Bank of America lowered 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 3,150 price objective on shares of Bellway in a research report on Wednesday, March 25th. Finally, Stifel Nicolaus lowered their price objective 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,788.50.

Bellway Stock Down 0.3%

Shares of BWY opened at GBX 1,920 on Tuesday. The firm has a market cap of £2.23 billion, a P/E ratio of 14.59, a P/E/G ratio of 3.40 and a beta of 1.41. The stock has a 50 day simple moving average of GBX 2,166.84 and a two-hundred day simple moving average of GBX 2,517.91. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. Bellway has a 1 year low of GBX 1,763 and a 1 year high of GBX 2,998.

Bellway (LON:BWY) last issued its earnings results 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%. On average, analysts forecast that Bellway will post 159.0741715 earnings per share for the current fiscal 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.