Bellway (LON:BWY) Reaches New 12-Month Low – Time to Sell?

Bellway p.l.c. (LON:BWY) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 190.51 and last traded at GBX 1,908, with a volume of 160757 shares traded. The stock had previously closed at GBX 1,881.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BWY shares. Bank of America reduced their price target on shares of 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,394 price target on shares of Bellway in a research report on Tuesday, May 5th. Stifel Nicolaus dropped their price objective on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 3,150 price objective on shares of Bellway in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,788.50.

Bellway Price Performance

The stock has a market capitalization of £2.13 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The stock’s 50 day moving average price is GBX 2,021.13 and its 200-day moving average price is GBX 2,474.40.

Bellway (LON:BWY) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. As a group, equities analysts forecast that Bellway p.l.c. will post 159.0741715 EPS for the current year.

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.