Bellway (LON:BWY) Sets New 52-Week Low – Time to Sell?

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 traded. The stock had previously closed at GBX 2,138.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BWY. JPMorgan Chase & Co. raised their price target on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,150 target price on shares of Bellway in a report on Wednesday. Stifel Nicolaus lowered their target price on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a report on Thursday. Citigroup raised their price target on Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group reduced their price objective on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research report on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 3,025.

Bellway Stock Up 2.7%

The firm’s 50 day simple moving average is GBX 2,564.96 and its 200 day simple moving average is GBX 2,595.12. The company has a market cap of £2.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.40 and a beta of 1.22. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39.

Bellway (LON:BWY) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Bellway p.l.c. will post 159.0741715 EPS 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.