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

Shares of Bellway p.l.c. (LON:BWY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,593.93 and traded as high as GBX 2,888. Bellway shares last traded at GBX 2,820, with a volume of 259,885 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BWY shares. Jefferies Financial Group cut their price target on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a report on Monday, January 19th. The Goldman Sachs Group assumed coverage on Bellway in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 target price on the stock. Citigroup raised their price target on Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. lifted their price target on Bellway from GBX 3,280 to GBX 3,820 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Bellway has a consensus rating of “Moderate Buy” and an average price target of GBX 3,237.50.

Bellway Stock Down 0.4%

The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The company has a market capitalization of £3.30 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The firm’s 50-day simple moving average is GBX 2,710.67 and its two-hundred day simple moving average is GBX 2,593.93.

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.