Bellway (LON:BWY) Stock Price Crosses Below Fifty Day Moving Average of $2,802.04

Bellway plc (LON:BWY) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2,802.04 and traded as low as $2,801.00. Bellway shares last traded at $2,809.00, with a volume of 199,490 shares trading hands.

Several brokerages have commented on BWY. Numis Securities reiterated a “buy” rating and set a GBX 3,980 ($52.01) target price on shares of Bellway in a research note on Wednesday, March 27th. Peel Hunt reiterated an “add” rating on shares of Bellway in a research note on Monday, June 3rd. Liberum Capital reiterated a “buy” rating on shares of Bellway in a research note on Tuesday, June 11th. Shore Capital reiterated a “hold” rating on shares of Bellway in a research note on Tuesday, June 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Bellway in a research note on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 3,642 ($47.59).

The business’s 50 day simple moving average is GBX 2,796.56. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.21 and a quick ratio of 0.17. The firm has a market cap of $3.49 billion and a price-to-earnings ratio of 6.48.

About Bellway (LON:BWY)

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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