Bellway (LON:BWY) Price Target Lowered to GBX 2,380 at Jefferies Financial Group

Bellway (LON:BWY) had its price objective dropped by investment analysts at Jefferies Financial Group from GBX 2,394 to GBX 2,380 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 9.27% from the company’s previous close.

BWY has been the topic of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,400 price objective on shares of Bellway in a research note on Friday, June 26th. Citigroup increased their target price on Bellway from GBX 2,300 to GBX 2,500 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of Bellway to an “overweight” rating and cut their target price for the company from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,522.33.

Bellway Trading Up 1.9%

Shares of BWY stock opened at GBX 2,178 on Wednesday. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 5.39. The stock has a market capitalization of £2.45 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. Bellway has a 12-month low of GBX 1,715 and a 12-month high of GBX 2,890. The stock’s 50-day moving average price is GBX 1,929.26 and its 200-day moving average price is GBX 2,128.36.

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.