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

Bellway p.l.c. (LON:BWY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,608.89 and traded as high as GBX 2,852. Bellway shares last traded at GBX 2,822, with a volume of 624,299 shares.

Analysts Set New Price Targets

BWY has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Bellway in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 2,844 price target for the company. Citigroup upped their price objective on shares of Bellway from GBX 3,090 to GBX 3,100 and gave the company a “buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. raised their target price on Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Jefferies Financial Group reduced their price target on Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating on the stock in a report on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,237.50.

Bellway Price Performance

The business’s 50 day moving average price is GBX 2,735.99 and its two-hundred day moving average price is GBX 2,608.89. The stock has a market cap of £3.33 billion, a P/E ratio of 21.58, a price-to-earnings-growth 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.

Bellway Company Profile

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.