Bellway (LON:BWY) Earns Sector perform Rating from Royal Bank Of Canada

Bellway (LON:BWY)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a research note issued on Wednesday, MarketBeat reports. They presently have a GBX 3,150 target price on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 69.67% from the stock’s current price.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a report on Thursday, December 4th. Jefferies Financial Group decreased their price objective on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research report on Monday, January 19th. Finally, Citigroup raised their target price on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bellway presently has a consensus rating of “Hold” and a consensus target price of GBX 3,025.

Bellway Trading Down 0.7%

Bellway stock opened at GBX 1,856.50 on Wednesday. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. Bellway has a fifty-two week low of GBX 1,763 and a fifty-two week high of GBX 2,998. The stock has a market cap of £2.17 billion, a P/E ratio of 14.09, a PEG ratio of 3.40 and a beta of 1.22. The firm’s fifty day moving average price is GBX 2,564.96 and its 200-day moving average price is GBX 2,595.12.

Bellway (LON:BWY) last posted 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%. Equities research analysts forecast 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.