Bellway (LON:BWY) Lowered to Sector Perform Rating by Royal Bank Of Canada

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

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.