Bellway's (BWY) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a "Buy" rating on Bellway with a GBX 2,394 target price, implying roughly a 24.7% upside from the current share price.
• Analyst sentiment is mixed—four Buys and four Holds—producing a MarketBeat consensus of "Moderate Buy" and a consensus target of GBX 2,788.50, with recent broker moves ranging from GBX 1,900 to GBX 3,150.
• Bellway opened at GBX 1,920 (12‑month range GBX 1,763–2,998), has a market cap of £2.23bn and a P/E of 14.59, reported quarterly EPS of GBX 91.20, and analysts forecast about 159.07 EPS for the fiscal year.

Bellway (LON:BWY - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 2,394 target price on the stock. Jefferies Financial Group's price target points to a potential upside of 24.69% from the stock's current price.

BWY has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 3,150 price objective on shares of Bellway in a research report on Wednesday, March 25th. Bank of America lowered their price objective on Bellway from GBX 3,200 to GBX 2,200 and set a "buy" rating on the stock in a research report on Friday, March 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Bellway from GBX 2,280 to GBX 1,900 and set a "hold" rating on the stock in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,788.50.

Bellway Trading Down 0.3%

Shares of Bellway stock opened at GBX 1,920 on Tuesday. Bellway has a 12-month low of GBX 1,763 and a 12-month high of GBX 2,998. The company has a market cap of £2.23 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 3.40 and a beta of 1.41. 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 company's 50-day moving average price is GBX 2,166.84 and its 200-day moving average price is GBX 2,517.91.

Bellway (LON:BWY - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.