Bellway’s (BWY) Sector perform Rating Reaffirmed at Royal Bank Of Canada

Bellway (LON:BWY)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 3,150 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 68.63% from the company’s previous close.

Several other research firms also recently commented on BWY. Citigroup raised their price target on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. upped their target price on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Jefferies Financial Group reduced their target price on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a research report on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bellway has an average rating of “Moderate Buy” and a consensus price target of GBX 3,212.50.

Bellway Price Performance

Bellway stock opened at GBX 1,867.98 on Wednesday. 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 4.77, a quick ratio of 0.50 and a debt-to-equity ratio of 6.20. The firm has a 50-day moving average price of GBX 2,597.87 and a 200-day moving average price of GBX 2,605.47. The firm has a market capitalization of £2.18 billion, a PE ratio of 14.17, 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 EPS for the quarter. Bellway had a net margin of 5.66% and a return on equity of 4.45%. 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.