Bellway p.l.c. (LON:BWY) Given Average Rating of “Moderate Buy” by Brokerages

Bellway p.l.c. (LON:BWY) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,242.17.

A number of equities analysts have weighed in on BWY shares. Berenberg Bank reissued a “hold” rating and issued a GBX 2,900 price objective on shares of Bellway in a research report on Monday, September 8th. Royal Bank Of Canada raised their price objective on Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a research note on Wednesday, October 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,489 price objective on shares of Bellway in a report on Wednesday, October 22nd. Citigroup increased their target price on Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, 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.

Bellway Stock Performance

Bellway stock opened at GBX 2,706 on Friday. The firm has a market capitalization of £3.19 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a one year low of GBX 2,134 and a one year high of GBX 2,998. The stock’s 50 day moving average price is GBX 2,675.25 and its 200 day moving average price is GBX 2,588.73. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26.

Bellway (LON:BWY) last issued its quarterly earnings data on Tuesday, October 14th. The company reported GBX 176.70 earnings per share (EPS) for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. As a group, sell-side analysts expect that Bellway will post 159.0741715 EPS for the current fiscal year.

Bellway declared that its Board of Directors has authorized a stock buyback program on Tuesday, October 14th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Bellway

In related news, insider Shane Doherty bought 2,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of GBX 636 per share, for a total transaction of £12,853.56. Also, insider Simon Scougall sold 4,633 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total transaction of £128,195.11. Insiders own 0.87% of the company’s stock.

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.