Bellway (LON:BWY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Bellway p.l.c. (LON:BWY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,783.29 ($36.43) and traded as high as GBX 3,130 ($40.96). Bellway shares last traded at GBX 3,008 ($39.37), with a volume of 313,531 shares traded.

Wall Street Analyst Weigh In

BWY has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a GBX 3,650 ($47.77) target price on shares of Bellway in a research note on Tuesday, June 18th. Citigroup reissued a “buy” rating and set a GBX 3,368 ($44.08) price objective on shares of Bellway in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a research report on Friday, July 5th.

Bellway Trading Up 0.5 %

The company has a market cap of £3.59 billion, a PE ratio of 1,680.00, a PEG ratio of 3.40 and a beta of 1.46. The stock has a 50 day moving average price of GBX 3,042.44 and a 200 day moving average price of GBX 2,786.01. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

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.