Bellway (LON:BWY) Stock Price Crosses Above 200-Day Moving Average of $3,446.01

Bellway p.l.c. (LON:BWY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,446.01 ($45.02) and traded as high as GBX 3,527.68 ($46.09). Bellway shares last traded at GBX 3,480 ($45.47), with a volume of 131,987 shares changing hands.

Several analysts have recently issued reports on BWY shares. Canaccord Genuity restated a “buy” rating and set a GBX 4,060 ($53.04) target price on shares of Bellway in a research report on Tuesday, June 15th. reiterated a “buy” rating on shares of Bellway in a report on Monday, June 14th. Libertas Partners upped their price target on shares of Bellway from GBX 4,100 ($53.57) to GBX 4,200 ($54.87) and gave the company a “buy” rating in a report on Wednesday, June 16th. Numis Securities reiterated an “add” rating and set a GBX 4,102 ($53.59) price target on shares of Bellway in a report on Tuesday, June 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bellway from GBX 4,150 ($54.22) to GBX 4,100 ($53.57) and set an “overweight” rating on the stock in a report on Wednesday, June 16th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Bellway presently has a consensus rating of “Buy” and a consensus price target of GBX 3,849.22 ($50.29).

The company has a quick ratio of 0.47, a current ratio of 4.32 and a debt-to-equity ratio of 2.24. The stock’s 50 day moving average price is GBX 3,373.86 and its 200-day moving average price is GBX 3,446.01. The stock has a market capitalization of £4.29 billion and a P/E ratio of 23.55.

Bellway Company Profile (LON:BWY)

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 and Ashberry brands.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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