Bellway (OTCMKTS:BLWYY) Downgraded to Strong Sell Rating by Zacks Research

Bellway (OTCMKTS:BLWYY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Barclays cut Bellway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Bellway Price Performance

OTCMKTS:BLWYY opened at $31.12 on Tuesday. Bellway has a one year low of $45.25 and a one year high of $46.50. The stock has a 50 day moving average price of $31.12 and a 200 day moving average price of $31.11.

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 and Ashberry brands. Bellway p.l.c. was incorporated in 1978 and is headquartered in Newcastle upon Tyne, the United Kingdom.