Bellway (LON:BWY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Bellway p.l.c. (LON:BWY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,104.41 and traded as high as GBX 2,132. Bellway shares last traded at GBX 2,130, with a volume of 36,051,117 shares changing hands.

Analyst Ratings Changes

BWY has been the topic of a number of recent research reports. Citigroup increased their price objective on Bellway from GBX 2,300 to GBX 2,500 and gave the stock a “buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. downgraded shares of Bellway to an “overweight” rating and cut their price target for the company from GBX 3,480 to GBX 2,410 in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,917 price target on shares of Bellway in a report on Wednesday, August 12th. Jefferies Financial Group decreased their price objective on shares of Bellway from GBX 2,394 to GBX 2,380 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,400 price target on shares of Bellway in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Bellway has an average rating of “Moderate Buy” and a consensus target price of GBX 2,522.33.

Bellway Trading Up 0.7%

The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50. The firm’s 50 day moving average price is GBX 1,979.64 and its 200 day moving average price is GBX 2,100.22. The stock has a market capitalization of £2.39 billion, a P/E ratio of 16.16, a P/E/G ratio of 3.40 and a beta of 1.36.

About Bellway

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.