Bellway (LON:BWY – Get Free Report) released its quarterly earnings data on Tuesday. The company reported GBX 176.70 earnings per share for the quarter, Digital Look Earnings reports. Bellway had a return on equity of 3.78% and a net margin of 5.48%.
Bellway Price Performance
Shares of LON:BWY opened at GBX 2,621.98 on Tuesday. Bellway has a fifty-two week low of GBX 2,134 and a fifty-two week high of GBX 3,384. The business has a 50-day moving average of GBX 2,401.93 and a two-hundred day moving average of GBX 2,544.74. The stock has a market capitalization of £3.11 billion, a P/E ratio of 2,133.42, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.
Analysts Set New Price Targets
Several research firms have recently weighed in on BWY. Berenberg Bank reissued a “hold” rating and set a GBX 2,900 price objective on shares of Bellway in a research note on Monday, September 8th. Jefferies Financial Group decreased their target price on Bellway from GBX 3,626 to GBX 3,482 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Citigroup decreased their target price on Bellway from GBX 3,100 to GBX 3,000 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada cut Bellway to a “sector perform” rating and reduced their price objective for the company from GBX 3,600 to GBX 3,150 in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,133.
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.
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