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

Bellway p.l.c. (LON:BWY)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 1,821 and last traded at GBX 1,827, with a volume of 1905192 shares. The stock had previously closed at GBX 2,138.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BWY. JPMorgan Chase & Co. raised their target price on Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Citigroup upped their price target on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, Jefferies Financial Group decreased their price objective on shares of 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,237.50.

Bellway Trading Up 3.6%

The company has a market capitalization of £2.13 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 3.40 and a beta of 1.22. 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 business’s 50-day simple moving average is GBX 2,597.87 and its 200-day simple moving average is GBX 2,605.47.

Bellway (LON:BWY) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a net margin of 5.66% and a return on equity of 4.45%. On average, research analysts expect that Bellway p.l.c. will post 159.0741715 earnings per share 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.