Bellway (LON:BWY) Reaches New 1-Year Low – Should You Sell?

Shares of Bellway p.l.c. (LON:BWY) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 2,130 and last traded at GBX 2,138, with a volume of 2340891 shares changing hands. The stock had previously closed at GBX 2,226.

Analysts Set New Price Targets

Several research analysts recently weighed in on BWY shares. JPMorgan Chase & Co. increased their price objective on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Jefferies Financial Group decreased their price target on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research note on Monday, January 19th. Citigroup increased their price target on Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, The Goldman Sachs Group assumed coverage on Bellway in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Bellway presently has an average rating of “Moderate Buy” and an average price target of GBX 3,237.50.

Bellway Price Performance

The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.50 and a current ratio of 4.77. The stock has a market cap of £2.47 billion, a PE ratio of 16.07, a PEG ratio of 3.40 and a beta of 1.22. The stock’s 50-day moving average is GBX 2,656.29 and its two-hundred day moving average is GBX 2,610.

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.