Bellway (LON:BWY) Given New GBX 1,900 Price Target at Stifel Nicolaus

Bellway (LON:BWY) had its target price lowered by research analysts at Stifel Nicolaus from GBX 2,280 to GBX 1,900 in a research note issued on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 3.49% from the company’s current price.

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

Bellway Stock Performance

LON BWY opened at GBX 1,836 on Thursday. The company has a fifty day moving average price of GBX 2,581.99 and a 200-day moving average price of GBX 2,600.29. The firm has a market cap of £2.14 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 3.40 and a beta of 1.22. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. Bellway has a 1 year low of GBX 1,763 and a 1 year high of GBX 2,998.

Bellway (LON:BWY) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Bellway will post 159.0741715 EPS for the current fiscal 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.