Jefferies Financial Group Issues Pessimistic Forecast for Bellway (LON:BWY) Stock Price

Key Points

• Jefferies Financial Group has lowered its price target for Bellway from GBX 3,626 to GBX 3,482, maintaining a "buy" rating, indicating a possible upside of 41.54% from current levels.
• Other analysts have also decreased their price targets for Bellway, with Berenberg Bank setting a target of GBX 2,900 and Royal Bank of Canada lowering theirs to GBX 3,150.
• As of the latest data, Bellway’s stock is trading at GBX 2,460, with an average analyst rating of "Moderate Buy" and an average target price of GBX 3,133.

Bellway (LON:BWY - Get Free Report) had its price objective reduced by Jefferies Financial Group from GBX 3,626 to GBX 3,482 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 41.54% from the stock's current price.

Several other equities analysts have also commented on the stock. Berenberg Bank restated a "hold" rating and issued a GBX 2,900 price objective on shares of Bellway in a report on Monday, September 8th. Royal Bank Of Canada cut shares of Bellway to a "sector perform" rating and lowered their price objective for the stock from GBX 3,600 to GBX 3,150 in a research report on Wednesday, July 9th. Finally, Citigroup lowered their price objective on shares of Bellway from GBX 3,100 to GBX 3,000 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 3,133.

Bellway Stock Performance

LON:BWY opened at GBX 2,460 on Wednesday. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The firm has a market capitalization of £2.92 billion, a price-to-earnings ratio of 2,001.63, a PEG ratio of 3.40 and a beta of 1.46. The company's 50-day moving average is GBX 2,404.01 and its two-hundred day moving average is GBX 2,542. Bellway has a 1-year low of GBX 2,134 and a 1-year high of GBX 3,384.

About Bellway

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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