Bellway (LON:BWY) Stock Rating Lowered by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Bellway (LON:BWY - Free Report) to a sector perform rating in a research note released on Wednesday morning, Marketbeat reports. They currently have GBX 3,150 ($42.82) price objective on the stock, down from their previous price objective of GBX 3,600 ($48.94).

Bellway Price Performance

LON:BWY traded down GBX 2 ($0.03) during trading hours on Wednesday, hitting GBX 2,636 ($35.83). 378,960 shares of the stock traded hands, compared to its average volume of 1,021,788. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75. Bellway has a 1 year low of GBX 2,134 ($29.01) and a 1 year high of GBX 3,384 ($46.00). The company has a market cap of £3.10 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The stock has a 50 day moving average price of GBX 2,757.23 and a 200 day moving average price of GBX 2,520.09.

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.