Bellway (LON:BWY) Price Target Lowered to GBX 2,200 at Bank of America

Bellway (LON:BWY) had its price target lowered by Bank of America from GBX 3,200 to GBX 2,200 in a research note issued to investors on Friday,London Stock Exchange reports. Bank of America currently has a buy rating on the stock.

A number of other brokerages have also commented on BWY. Stifel Nicolaus lowered their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a report on Thursday. Jefferies Financial Group reduced their price objective 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. 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 report on Monday, December 8th. JPMorgan Chase & Co. raised their target price 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, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a research report on Wednesday, March 25th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bellway currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,921.88.

Bellway Stock Performance

Bellway stock opened at GBX 1,807 on Friday. The company has a market cap of £2.11 billion, a PE ratio of 13.71, a P/E/G ratio of 3.40 and a beta of 1.22. The company has a fifty day moving average price of GBX 2,546.14 and a two-hundred day moving average price of GBX 2,595.65. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. Bellway has a 12 month low of GBX 1,763 and a 12 month high of GBX 2,998.

Bellway (LON:BWY) last released its quarterly earnings data 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 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.