Bellway (LON:BWY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Bellway p.l.c. (LON:BWY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,132.35 and traded as high as GBX 2,142. Bellway shares last traded at GBX 2,100, with a volume of 726,217 shares.

Analysts Set New Price Targets

BWY has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 2,400 price target on shares of Bellway in a research note on Friday, June 26th. Citigroup raised their price objective on shares of Bellway from GBX 2,300 to GBX 2,500 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,917 price objective on shares of Bellway in a research note on Wednesday. Jefferies Financial Group dropped their target price 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. Finally, JPMorgan Chase & Co. lowered shares of Bellway to an “overweight” rating and cut their target price for the stock from GBX 3,480 to GBX 2,410 in a research note on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,522.33.

Bellway Stock Up 0.4%

The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. The stock has a 50 day simple moving average of GBX 1,929.26 and a 200 day simple moving average of GBX 2,128.36. The stock has a market cap of £2.42 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 3.40 and a beta of 1.37.

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.