Bellway (LON:BWY) Lowered to “Neutral” at JPMorgan Chase & Co.

Bellway (LON:BWY) was downgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 2,780 ($35.19) price target on the stock, up from their prior price target of GBX 2,170 ($27.46). JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.54% from the stock’s previous close.

Bellway Stock Down 0.6 %

LON BWY traded down GBX 16 ($0.20) on Friday, hitting GBX 2,538 ($32.12). 270,805 shares of the company were exchanged, compared to its average volume of 364,506. The company has a market cap of £3.01 billion, a PE ratio of 1,410.00, a PEG ratio of 56.92 and a beta of 1.43. Bellway has a 12 month low of GBX 1,903 ($24.09) and a 12 month high of GBX 2,898 ($36.68). The stock has a fifty day moving average of GBX 2,715.56 and a 200-day moving average of GBX 2,508.85. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

Insider Buying and Selling at Bellway

In other Bellway news, insider Sarah Whitney acquired 1,131 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of GBX 2,638 ($33.39) per share, with a total value of £29,835.78 ($37,762.03). Insiders own 0.76% of the company’s stock.

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.