Bellway (LON:BWY) Shares Pass Above Two Hundred Day Moving Average of $1,993.36

Bellway p.l.c. (LON:BWY – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,993.36 ($24.29) and traded as high as GBX 2,072 ($25.25). Bellway shares last traded at GBX 2,029 ($24.73), with a volume of 286,703 shares traded.

Analyst Upgrades and Downgrades

BWY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Bellway from GBX 2,640 ($32.18) to GBX 2,700 ($32.91) and gave the stock an “overweight” rating in a research report on Monday, January 30th. Peel Hunt restated a “buy” rating and set a GBX 2,660 ($32.42) price target on shares of Bellway in a research report on Thursday, February 9th. Liberum Capital restated a “top pick” rating and set a GBX 2,860 ($34.86) price target on shares of Bellway in a research report on Monday, February 13th. Berenberg Bank reduced their price objective on Bellway from GBX 2,300 ($28.03) to GBX 2,200 ($26.81) and set a “hold” rating on the stock in a report on Friday, November 25th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 3,000 ($36.56) price objective on shares of Bellway in a report on Thursday, February 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 2,606.86 ($31.77).

Bellway Stock Performance

The firm has a fifty day simple moving average of GBX 2,141.96 and a 200-day simple moving average of GBX 1,993.36. The company has a current ratio of 5.06, a quick ratio of 0.50 and a debt-to-equity ratio of 4.37. The stock has a market cap of £2.51 billion, a price-to-earnings ratio of 1,029.95, a P/E/G ratio of -0.17 and a beta of 1.45.

Bellway Company Profile

(Get Rating)

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.