Deutsche Bank Aktiengesellschaft Raises Bellway P.L.C Price Target to GBX 2727
June 3, 2023
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Deutsche Bank Aktiengesellschaft has recently raised its price target for Bellway ($LSE:BWY) P.L.C., a British housebuilding company listed on the London Stock Exchange, to GBX 2727. It operates through hundreds of trading outlets across England, Scotland and Wales, constructing a range of high-quality homes, from one-bedroom apartments to five-bedroom family homes. In addition to its housebuilding activities, Bellway also offers financial services, such as providing mortgages and investment services. Investors will be waiting with anticipation as the new target could be a sign of strong future returns for Bellway P.L.C. stockholders.
Stock Price
On Tuesday, the stock opened at £22.8 and closed at £22.8, up by 0.4% from prior closing price of 22.7. This marks the seventh consecutive session of gains for Bellway P.L.C, suggesting an upward trend in the company’s stock. Analysts are optimistic that the company is poised to continue its run of success in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bellway P.l.c. More…
| Total Revenues | Net Income | Net Margin |
| 3.57k | 222.2 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bellway P.l.c. More…
| Operations | Investing | Financing |
| 248 | 29.5 | -180.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bellway P.l.c. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.05k | 1.57k | 28.19 |
Key Ratios Snapshot
Some of the financial key ratios for Bellway P.l.c are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | -21.9% | 9.1% |
| FCF Margin | ROE | ROA |
| 6.9% | 5.9% | 4.0% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of BELLWAY P.L.C.’s wellbeing. After reviewing their financial statements and researching the company’s performance, we found that BELLWAY P.L.C is a medium risk investment in terms of financial and business aspects. While we found no major red flags, we did identify three risk warnings in their income sheet, balance sheet, and cashflow statement. To get full access to our report, register on GoodWhale.com. Our analysis will help you make an informed decision about investing in BELLWAY P.L.C. More…
Peers
The company is engaged in the development and sale of new homes in England, Scotland and Wales. The company operates through four segments: Housebuilding – England, Housebuilding – Scotland, Housebuilding – Wales and Other. The Other segment includes the company’s operations in Northern Ireland and the Republic of Ireland. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom. Bellway PLC’s main competitors are Taylor Wimpey PLC, Beazer Homes USA Inc, and Hovnanian Enterprises Inc.
– Taylor Wimpey PLC ($LSE:TW.)
The company’s market capitalization is 3.13B as of 2022. The company’s return on equity is 10.94%. The company is engaged in the business of homebuilding and selling houses in the United Kingdom.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilder in the United States. The company has a market capitalization of 311.19 million as of 2022 and a return on equity of 15.8%. Beazer Homes builds and sells single-family homes, townhomes, and condominiums in the United States. The company was founded in 1985 and is headquartered in Atlanta, Georgia.
– Hovnanian Enterprises Inc ($NYSE:HOV)
Hovnanian Enterprises Inc. is a national homebuilder that has been in operation since 1959. The company designs, builds, and markets single-family detached homes, townhomes, and condominiums in a variety of price ranges. Hovnanian Enterprises Inc. has a market capitalization of 221.71 million as of 2022 and a return on equity of 74.13%. The company’s primary focus is on the U.S. housing market, though it does have operations in Canada and Mexico as well.
Summary
Bellway P.L.C is a home building company based in the United Kingdom. Analysts have commented positively on Bellway’s strong fundamentals, noting that the company has been posting strong profits, launching new products in key markets, and limiting costs to sustain growth. Additionally, the stock is trading at a relatively low price-to-earnings ratio and has seen an increase in trading volume in recent months. As such, investors may consider this increased price target as an attractive opportunity to buy into the company at a lower cost.
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