Stifel Nicolaus Lowers Bellway (LON:BWY) Price Target to GBX 1,900

Bellway (LON:BWY) had its target price decreased by analysts at Stifel Nicolaus from GBX 2,280 to GBX 1,900 in a report released on Thursday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 5.61% from the company’s previous close.

A number of other research firms have also weighed in on BWY. Jefferies Financial Group lowered their price objective on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research note on Monday, January 19th. 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 report on Monday, December 8th. JPMorgan Chase & Co. boosted their price target on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,150 price target on shares of Bellway in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Bellway has an average rating of “Hold” and an average price target of GBX 3,025.

Bellway Price Performance

Bellway stock opened at GBX 1,799 on Thursday. Bellway has a 12-month low of GBX 1,763 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 5.39. The firm has a 50-day moving average price of GBX 2,546.14 and a 200-day moving average price of GBX 2,591.42. The firm has a market capitalization of £2.10 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.40 and a beta of 1.22.

Bellway (LON:BWY) last issued its quarterly earnings results 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%. As a group, equities research analysts forecast that Bellway will post 159.0741715 EPS for the current 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.