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

Bellway p.l.c. (LON:BWY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

BWY has been the subject of several research reports. Stifel Nicolaus reduced their target price on Bellway from GBX 2,280 to GBX 1,900 and set a “hold” rating for the company in a research note on Thursday, March 26th. Bank of America reduced their target price on Bellway from GBX 3,200 to GBX 2,200 and set a “buy” rating for the company in a research note on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,394 target price on shares of Bellway in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 3,150 target price on shares of Bellway in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company 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 company has a 50 day moving average price of GBX 1,952.44 and a 200 day moving average price of GBX 2,433.62. The company 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 earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. Equities research analysts predict 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.