Royal Bank Of Canada Reaffirms Sector perform Rating for Bellway (LON:BWY)

Bellway (LON:BWY)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 3,150 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 68.63% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Citigroup lifted their target price on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. upped their price target 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. Finally, Jefferies Financial Group decreased their price target on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,212.50.

Bellway Stock Up 6.0%

Shares of BWY stock opened at GBX 1,867.98 on Wednesday. The stock’s fifty day moving average price is GBX 2,597.87 and its 200 day moving average price is GBX 2,605.47. Bellway has a 1-year low of GBX 1,763 and a 1-year high of GBX 2,998. The company has a market cap of £2.18 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 3.40 and a beta of 1.22. The company has a debt-to-equity ratio of 6.20, a current ratio of 4.77 and a quick ratio of 0.50.

Bellway (LON:BWY) last released 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 4.45% and a net margin of 5.66%. On average, research analysts expect that Bellway 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.