Bellway (LON:BWY) Shares Cross Below 200 Day Moving Average – Time to Sell?

Bellway p.l.c. (LON:BWY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,433.62 and traded as low as GBX 1,875. Bellway shares last traded at GBX 1,902.79, with a volume of 1,131,452 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,394 price objective on shares of Bellway in a report on Tuesday, May 5th. Stifel Nicolaus decreased their price objective on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a report on Thursday, March 26th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 3,150 price target on shares of Bellway in a report on Wednesday, March 25th. Finally, Bank of America decreased their price target on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Bellway currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,788.50.

Bellway Stock Performance

The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.50 and a current ratio of 5.26. The stock has a fifty day simple moving average of GBX 1,952.44 and a two-hundred day simple moving average of GBX 2,433.62. The stock has a market capitalization of £2.23 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 3.40 and a beta of 1.37.

Bellway (LON:BWY) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. Analysts forecast that Bellway p.l.c. will post 159.0741715 earnings per share for the current fiscal year.

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.