Stifel Nicolaus Cuts Bellway (LON:BWY) Price Target to GBX 1,900

Bellway (LON:BWY) had its target price reduced by Stifel Nicolaus from GBX 2,280 to GBX 1,900 in a report released on Thursday, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the stock.

BWY has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 price objective on shares of Bellway in a research report on Wednesday. Citigroup increased their price objective on Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Jefferies Financial Group decreased their target price on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,025.

Bellway Stock Performance

LON BWY opened at GBX 1,799 on Thursday. The firm has a market capitalization of £2.10 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 3.40 and a beta of 1.22. Bellway has a fifty-two week low of GBX 1,763 and a fifty-two 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 stock’s fifty day moving average is GBX 2,546.14 and its two-hundred day moving average is GBX 2,593.50.

Bellway (LON:BWY) last posted its quarterly earnings data 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%. On average, research analysts anticipate that Bellway will post 159.0741715 earnings per share 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.