Brokerages Set Bellway p.l.c. (LON:BWY) PT at GBX 2,788.50

Bellway p.l.c. (LON:BWY) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,412.25.

A number of research firms have weighed in on BWY. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,394 price target on shares of Bellway in a research note on Wednesday, June 10th. Berenberg Bank decreased their price objective on shares of Bellway from GBX 2,800 to GBX 2,100 and set a “hold” rating for the company in a research report on Thursday, June 11th. JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and decreased their price objective for the company from GBX 3,480 to GBX 2,410 in a research report on Tuesday. Citigroup decreased their price objective on shares of Bellway from GBX 2,800 to GBX 2,300 and set a “buy” rating for the company in a research report on Thursday, June 11th. Finally, Stifel Nicolaus reduced their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a report on Thursday, March 26th.

Bellway Stock Up 0.4%

BWY stock opened at GBX 1,865 on Friday. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The business has a 50 day moving average price of GBX 1,899.86 and a two-hundred day moving average price of GBX 2,324.79. The company has a market cap of £2.13 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 3.40 and a beta of 1.38. Bellway has a twelve month low of GBX 1,715 and a twelve month high of GBX 2,998.

Bellway (LON:BWY) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. Analysts anticipate that Bellway will post 159.0741715 EPS 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.