Bellway (LON:BWY) Share Price Passes Above 200-Day Moving Average of $2,752.09

Bellway p.l.c. (LON:BWY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,752.09 ($36.85) and traded as high as GBX 3,188 ($42.69). Bellway shares last traded at GBX 3,148 ($42.15), with a volume of 299,671 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a GBX 3,650 ($48.88) price target on shares of Bellway in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,013 ($40.35) price target on shares of Bellway in a report on Monday, June 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a research report on Friday, July 5th. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 3,368 ($45.10) target price on shares of Bellway in a research report on Thursday, August 15th.

Bellway Price Performance

The firm has a market capitalization of £3.70 billion, a PE ratio of 1,731.11, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46. The business has a 50-day moving average of GBX 2,974.72 and a 200 day moving average of GBX 2,756.92. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

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.