Jefferies Financial Group Reaffirms “Buy” Rating for Bellway (LON:BWY)

Bellway (LON:BWY)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 2,394 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 34.27% from the stock’s previous close.

Several other research firms have also issued reports on BWY. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a research note on Wednesday, March 25th. Stifel Nicolaus decreased their target price on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, Bank of America decreased their target price on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,788.50.

Bellway Price Performance

BWY opened at GBX 1,783 on Wednesday. The stock’s 50-day moving average price is GBX 1,912.72 and its 200 day moving average price is GBX 2,373.16. Bellway has a 12-month low of GBX 1,724 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 market cap of £2.03 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 3.40 and a beta of 1.38.

Bellway (LON:BWY) last posted 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 expect that Bellway will post 159.0741715 earnings per share for the current year.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.