Jefferies Financial Group Cuts Bellway (LON:BWY) Price Target to GBX 2,380

Bellway (LON:BWY) had its price objective lowered by Jefferies Financial Group from GBX 2,394 to GBX 2,380 in a research note published on Wednesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research firms also recently commented on BWY. Citigroup increased their price objective on shares of Bellway from GBX 2,300 to GBX 2,500 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. cut Bellway to an “overweight” rating and reduced their target price for the stock from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,400 target price on shares of Bellway in a research report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,522.33.

Bellway Price Performance

BWY stock opened at GBX 2,182 on Wednesday. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The company’s fifty day moving average price is GBX 1,949.94 and its 200-day moving average price is GBX 2,121.22. Bellway has a one year low of GBX 1,715 and a one year high of GBX 2,890. The company has a market capitalization of £2.46 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37.

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