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
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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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