Jefferies Financial Group Reaffirms “Buy” Rating for Bellway (LON:BWY)

Bellway (LON:BWY)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 2,394 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 34.27% from the company’s current price.

A number of other equities research analysts have also issued reports on BWY. Stifel Nicolaus reduced their price target on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a research report on Wednesday, March 25th. Finally, Bank of America cut their target price on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Bellway currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,788.50.

Bellway Price Performance

BWY stock opened at GBX 1,783 on Wednesday. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The firm has a market capitalization of £2.03 billion, a P/E ratio of 13.55, a P/E/G ratio of 3.40 and a beta of 1.38. The business’s 50-day moving average is GBX 1,912.72 and its two-hundred day moving average is GBX 2,373.16. Bellway has a 1 year low of GBX 1,724 and a 1 year high of GBX 2,998.

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