Bellway (LON:BWY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Bellway p.l.c. (LON:BWY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,397.73 and traded as low as GBX 1,789. Bellway shares last traded at GBX 1,801, with a volume of 470,889 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America dropped their target price on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating on the stock in a research report on Friday, March 27th. Stifel Nicolaus lowered their target price on shares of Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 3,150 target price on shares of Bellway in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 2,394 target price on shares of Bellway in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,788.50.

Bellway Stock Up 1.1%

The business’s 50 day moving average is GBX 1,914.71 and its 200-day moving average is GBX 2,387.73. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The firm has a market capitalization of £2.13 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 3.40 and a beta of 1.38.

Bellway (LON:BWY) last posted its earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. Equities analysts anticipate that Bellway p.l.c. will post 159.0741715 EPS for the current fiscal year.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.