Bellway (LON:BWY) Share Price Crosses Below 200-Day Moving Average of $0.00

Bellway plc (LON:BWY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $2,822.00. Bellway shares last traded at $2,876.00, with a volume of 140,254 shares changing hands.

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Bellway in a report on Tuesday, June 25th. Shore Capital reiterated a “hold” rating on shares of Bellway in a report on Tuesday, June 11th. Goldman Sachs Group downgraded Bellway to a “neutral” rating in a report on Thursday, June 13th. Numis Securities reiterated a “buy” rating on shares of Bellway in a report on Monday, June 3rd. Finally, Peel Hunt reiterated an “add” rating on shares of Bellway in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Bellway has an average rating of “Buy” and an average target price of GBX 3,642 ($47.59).

The business has a 50 day moving average of GBX 2,830.72. The stock has a market cap of $3.55 billion and a PE ratio of 6.55. The company has a current ratio of 4.21, a quick ratio of 0.17 and a debt-to-equity ratio of 2.23.

Bellway Company Profile (LON:BWY)

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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