Bellway (LON:BWY) Sets New 1-Year Low – Time to Sell?

Shares of Bellway p.l.c. (LON:BWY) reached a new 52-week low on Monday . The company traded as low as GBX 1,760 and last traded at GBX 1,763, with a volume of 189250 shares changing hands. The stock had previously closed at GBX 1,850.

Analyst Ratings Changes

BWY has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a report on Wednesday, March 25th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,394 target price on shares of Bellway in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Bellway presently has an average rating of “Moderate Buy” and an average target price of GBX 2,788.50.

Bellway Trading Down 0.5%

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 has a market cap of £2.03 billion, a P/E ratio of 13.54, a P/E/G ratio of 3.40 and a beta of 1.38. The stock has a 50-day moving average price of GBX 1,912.72 and a 200-day moving average price of GBX 2,373.16.

Bellway (LON:BWY) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. On average, equities research analysts expect that Bellway p.l.c. will post 159.0741715 EPS for the current 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.