Bellway (OTCMKTS:BLWYF) Trading Up 10% – Time to Buy?

Bellway p.l.c. (OTCMKTS:BLWYFGet Free Report) shares were up 10% during mid-day trading on Wednesday . The stock traded as high as $35.50 and last traded at $35.50. Approximately 129 shares traded hands during trading, a decline of 73% from the average daily volume of 486 shares. The stock had previously closed at $32.28.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “buy” rating on shares of Bellway in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

View Our Latest Research Report on BLWYF

Bellway Stock Performance

The company’s 50-day moving average price is $31.94 and its 200 day moving average price is $33.56.

About Bellway

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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.

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