Bellway (LON:BWY) Lowered to “Neutral” at JPMorgan Chase & Co.

Bellway (LON:BWY) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Friday, Marketbeat reports. They currently have a GBX 2,780 ($35.19) price objective on the stock, up from their prior price objective of GBX 2,170 ($27.46). JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.54% from the company’s current price.

Bellway Stock Performance

Shares of BWY opened at GBX 2,538 ($32.12) on Friday. The business’s fifty day moving average price is GBX 2,711.48 and its 200 day moving average price is GBX 2,511.83. Bellway has a 12-month low of GBX 1,903 ($24.09) and a 12-month high of GBX 2,898 ($36.68). The stock has a market capitalization of £3.01 billion, a PE ratio of 1,410.00, a price-to-earnings-growth ratio of 56.92 and a beta of 1.43. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50.

Insider Buying and Selling at Bellway

In related news, insider Sarah Whitney bought 1,131 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of GBX 2,638 ($33.39) per share, for a total transaction of £29,835.78 ($37,762.03). 0.76% of the stock is currently owned by company insiders.

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.