Analysts Set Bellway p.l.c. (LON:BWY) Target Price at GBX 2,788.50

Bellway p.l.c. (LON:BWY) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 2,788.50.

Several analysts have weighed in on the stock. Bank of America lowered their price target on shares of Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research note on Friday, March 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,150 price target on shares of Bellway in a research note on Wednesday, March 25th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,394 price target on shares of Bellway in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus lowered their price objective on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th.

Bellway Stock Performance

Bellway stock opened at GBX 1,866 on Monday. 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 company has a market capitalization of £2.15 billion, a PE ratio of 14.18, a P/E/G ratio of 3.40 and a beta of 1.37. The firm has a fifty day simple moving average of GBX 1,968.21 and a two-hundred day simple moving average of GBX 2,445.53. Bellway has a twelve month low of GBX 1,763 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 net margin of 5.46% and a return on equity of 4.43%. Research analysts expect that Bellway 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.