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

Bellway p.l.c. (LON:BWY)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,397.73 and traded as low as GBX 1,789. Bellway shares last traded at GBX 1,801, with a volume of 470,889 shares traded.

Analysts Set New Price Targets

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

Bellway Price Performance

The company’s fifty day moving average is GBX 1,914.95 and its two-hundred day moving average is GBX 2,397.73. The firm has a market capitalization of £2.07 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.40 and a beta of 1.37. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39.

Bellway (LON:BWY) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. Equities research analysts anticipate 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.