Bellway (OTCMKTS:BLWYY) Cut to Hold at Barclays

Bellway (OTCMKTS:BLWYY) was downgraded by analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Zacks Research raised shares of Bellway from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Bellway Price Performance

BLWYY stock opened at $31.12 on Tuesday. Bellway has a 12 month low of $45.25 and a 12 month high of $46.50. The firm has a 50-day moving average price of $31.12 and a 200-day moving average price of $31.11.

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 and Ashberry brands. Bellway p.l.c. was incorporated in 1978 and is headquartered in Newcastle upon Tyne, the United Kingdom.