Bellway (LON:BWY) Price Target Lowered to GBX 1,900 at Stifel Nicolaus

Bellway (LON:BWY) had its price objective lowered by Stifel Nicolaus from GBX 2,280 to GBX 1,900 in a research report sent to investors on Thursday, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the stock.

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

Bellway Stock Up 1.0%

BWY stock opened at GBX 1,856.50 on Thursday. Bellway has a twelve month low of GBX 1,763 and a twelve month high of GBX 2,998. 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 cap of £2.17 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.40 and a beta of 1.22. The business’s 50-day simple moving average is GBX 2,564.96 and its 200 day simple moving average is GBX 2,595.12.

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