Bellway (OTCMKTS:BLWYY) Upgraded at Zacks Research

Bellway (OTCMKTS:BLWYY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Berenberg Bank upgraded shares of Bellway from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Bellway Price Performance

OTCMKTS:BLWYY opened at $31.12 on Monday. The firm’s 50 day simple moving average is $31.12 and its 200 day simple moving average is $31.12. The company has a current ratio of 5.26, a quick ratio of 0.21 and a debt-to-equity ratio of 0.04. Bellway has a one year low of $45.25 and a one year high of $46.50.

Bellway Company Profile

Bellway plc is a residential property developer headquartered in Newcastle upon Tyne, England. The company acquires land, obtains planning permissions and builds new homes for sale to individual buyers, investors and housing providers.

Bellway develops a range of properties, including apartments, family houses and larger homes. Its activities also include the construction of affordable housing in partnership with housing associations and local authorities. The company operates through the Bellway, Bellway London and Ashberry Homes brands.

Founded in 1946, Bellway has grown into one of the United Kingdom’s major housebuilders.