JPMorgan Chase & Co. downgraded shares of Bellway (LON:BWY – Free Report) to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have GBX 2,780 ($35.19) target price on the stock, up from their previous target price of GBX 2,170 ($27.46).
Bellway Stock Down 0.6 %
Bellway stock opened at GBX 2,538 ($32.12) on Friday. The firm has a market cap of £3.01 billion, a price-to-earnings ratio of 1,410.00, a P/E/G ratio of 56.92 and a beta of 1.43. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. Bellway has a fifty-two week low of GBX 1,903 ($24.09) and a fifty-two week high of GBX 2,898 ($36.68). The firm has a fifty day moving average price of GBX 2,711.48 and a two-hundred day moving average price of GBX 2,513.28.
Bellway Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, May 23rd will be given a dividend of GBX 16 ($0.20) per share. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 23rd. Bellway’s dividend payout ratio is 6,166.67%.
Insiders Place Their Bets
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.
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