Bellway (LON:BWY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Bellway p.l.c. (LON:BWY)’s share price crossed 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 changing hands.

Analyst Ratings Changes

A number of research analysts have commented on BWY shares. JPMorgan Chase & Co. boosted their target price 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. The Goldman Sachs Group assumed coverage on shares of Bellway in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 price objective on the stock. Jefferies Financial Group cut their price target on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a report on Monday, January 19th. Finally, Citigroup upped their price objective on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the stock a “buy” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,237.50.

Bellway Stock Down 0.1%

The stock has a market cap of £3.35 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The firm’s fifty day moving average is GBX 2,715.31 and its 200 day moving average is GBX 2,596.68.

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, Ashberry, and Bellway London brands. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.