Bellway (LON:BWY) Reaches New 12-Month Low – Time to Sell?

Bellway p.l.c. (LON:BWY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1,760 and last traded at GBX 1,763, with a volume of 189250 shares changing hands. The stock had previously closed at GBX 1,850.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of 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 lowered their target price on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,394 target price on shares of Bellway in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 3,150 target price on shares of Bellway in a research report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,788.50.

Bellway Trading Down 4.7%

The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The firm has a market capitalization of £2.01 billion, a P/E ratio of 13.40, a PEG ratio of 3.40 and a beta of 1.38. The firm has a 50 day moving average of GBX 1,914.71 and a 200-day moving average of GBX 2,385.60.

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%. On average, equities research analysts predict 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.