Balwin Properties Limited (JSE:BWN) Stock Catapults 27% Though Its Price And Business Still Lag The Market
Despite an already strong run, Balwin Properties Limited (JSE:BWN) shares have been powering on, with a gain of 27% in the last thirty days. The last 30 days bring the annual gain to a very sharp 31%.
In spite of the firm bounce in price, Balwin Properties may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 5.1x, since almost half of all companies in South Africa have P/E ratios greater than 9x and even P/E’s higher than 14x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Balwin…
