Bellway (LON:BWY) Sets New 12-Month Low – Here’s Why

Bellway p.l.c. (LON:BWY)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 190.51 and last traded at GBX 1,908, with a volume of 160757 shares. The stock had previously closed at GBX 1,881.

Analyst Upgrades and Downgrades

BWY has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 price objective on shares of Bellway in a research note on Wednesday, March 25th. Bank of America decreased their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research note on Friday, March 27th. Stifel Nicolaus decreased their price objective on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,394 price objective on shares of Bellway in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,788.50.

Bellway Stock Up 1.4%

The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market capitalization of £2.19 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 3.40 and a beta of 1.37. The firm has a 50-day moving average price of GBX 2,047.48 and a two-hundred day moving average price of GBX 2,484.86.

Bellway (LON:BWY) last released its 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, sell-side analysts anticipate that Bellway p.l.c. 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.