Royal Bank Of Canada downgraded shares of Bellway (LON:BWY - Free Report) to a sector perform rating in a research note published on Wednesday morning, MarketBeat reports. They currently have GBX 3,150 ($42.81) price target on the stock, down from their previous price target of GBX 3,600 ($48.93).
Bellway Price Performance
LON BWY traded down GBX 2 ($0.03) on Wednesday, reaching GBX 2,634 ($35.80). The company's stock had a trading volume of 313,464 shares, compared to its average volume of 1,016,422. The firm has a market cap of £3.10 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The business has a 50-day moving average price of GBX 2,756.34 and a 200 day moving average price of GBX 2,520.89. Bellway has a 52 week low of GBX 2,134 ($29.00) and a 52 week high of GBX 3,384 ($45.99). The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75.
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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