Bellway (LON:BWY) Sets New 12-Month Low – Here’s What Happened

Bellway p.l.c. (LON:BWY) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 2,130 and last traded at GBX 2,138, with a volume of 2340891 shares changing hands. The stock had previously closed at GBX 2,226.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Citigroup increased their target price on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. The Goldman Sachs Group started coverage on Bellway in a report on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 price target on the stock. Finally, Jefferies Financial Group decreased their target price on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 3,237.50.

Bellway Price Performance

The stock has a 50 day moving average of GBX 2,628.45 and a two-hundred day moving average of GBX 2,604.82. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.50 and a current ratio of 4.77. The firm has a market capitalization of £2.44 billion, a P/E ratio of 15.84, a P/E/G ratio of 3.40 and a beta of 1.22.

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.