Bellway (LON:BWY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Bellway p.l.c. (LON:BWY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,556.42 and traded as low as GBX 1,917. Bellway shares last traded at GBX 1,959, with a volume of 546,053 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BWY shares. Stifel Nicolaus decreased their target price on shares of 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. Jefferies Financial Group decreased their target price on shares of Bellway from GBX 3,476 to GBX 3,461 and set a “buy” rating for the company in a research note on Monday, January 19th. Bank of America decreased their target price on shares of 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. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set 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 company. Based on data from MarketBeat, Bellway has an average rating of “Moderate Buy” and an average price target of GBX 2,921.88.

Bellway Stock Up 5.8%

The firm has a market cap of £2.42 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 3.40 and a beta of 1.41. The firm’s 50 day moving average price is GBX 2,315.34 and its two-hundred day moving average price is GBX 2,550.17. The company has a debt-to-equity ratio of 5.39, a current ratio of 5.26 and a quick ratio of 0.50.

Bellway (LON:BWY) last announced its earnings results on Tuesday, March 24th. The company reported GBX 91.20 earnings per share for the quarter. Bellway had a net margin of 5.46% and a return on equity of 4.43%. As a group, sell-side analysts forecast 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.