Bellway (LON:BWY) Share Price Crosses Below 50-Day Moving Average of $2,802.04

Bellway plc (LON:BWY) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2,802.04 and traded as low as $2,801.00. Bellway shares last traded at $2,809.00, with a volume of 199,490 shares.

A number of equities research analysts have recently weighed in on BWY shares. Shore Capital lowered Bellway to a “hold” rating in a research note on Tuesday, May 28th. Peel Hunt reissued an “add” rating on shares of Bellway in a research note on Monday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Bellway in a research note on Tuesday, June 25th. Numis Securities reissued a “buy” rating and issued a GBX 3,980 ($52.01) target price on shares of Bellway in a research note on Wednesday, March 27th. Finally, UBS Group reissued a “buy” rating on shares of Bellway in a research note on Friday, June 7th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Bellway presently has a consensus rating of “Buy” and an average price target of GBX 3,642 ($47.59).

The company has a current ratio of 4.21, a quick ratio of 0.17 and a debt-to-equity ratio of 2.23. The firm’s 50 day moving average price is GBX 2,796.56. The company has a market capitalization of $3.49 billion and a P/E ratio of 6.48.

About Bellway (LON:BWY)

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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