Bellway p.l.c. (LON:BWY) Receives Average Recommendation of “Moderate Buy” from Analysts

Bellway p.l.c. (LON:BWY) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, 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 target price among analysts that have issued a report on the stock in the last year is GBX 3,242.17.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,489 price target on shares of Bellway in a report on Wednesday, October 22nd. Citigroup lifted their price target on Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a research report on Monday, December 8th. Royal Bank Of Canada upped their price objective on Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group started coverage on Bellway in a research note on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 price objective for the company.

Insider Transactions at Bellway

In other Bellway news, insider Simon Scougall sold 4,633 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total value of £128,195.11. Also, insider Shane Doherty acquired 2,021 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of GBX 636 per share, with a total value of £12,853.56. Company insiders own 0.87% of the company’s stock.

Bellway Price Performance

Shares of BWY opened at GBX 2,788 on Tuesday. The business’s 50 day moving average is GBX 2,710.35 and its 200 day moving average is GBX 2,574.68. The company has a market capitalization of £3.27 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a 12-month low of GBX 2,134 and a 12-month high of GBX 2,998. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75.

Bellway (LON:BWY) last posted its earnings results on Tuesday, October 14th. The company reported GBX 176.70 earnings per share for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. Research analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Bellway announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 14th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.