Bellway (OTCMKTS:BLWYY) Stock Rating Upgraded by Zacks Research

Bellway (OTCMKTS:BLWYY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Berenberg Bank raised Bellway from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bellway Price Performance

Shares of Bellway stock opened at $31.12 on Monday. Bellway has a 52 week low of $45.25 and a 52 week high of $46.50. The company has a current ratio of 5.26, a quick ratio of 0.21 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $31.12 and its two-hundred day moving average is $31.12.

Bellway Company Profile

Bellway plc is a residential property developer headquartered in Newcastle upon Tyne, England. The company acquires land, obtains planning permissions and builds new homes for sale to individual buyers, investors and housing providers.

Bellway develops a range of properties, including apartments, family houses and larger homes. Its activities also include the construction of affordable housing in partnership with housing associations and local authorities. The company operates through the Bellway, Bellway London and Ashberry Homes brands.

Founded in 1946, Bellway has grown into one of the United Kingdom’s major housebuilders.