Bellway (LON:BWY) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Bellway shares dropped below their two hundred day moving average of GBX 2,546.93, trading as low as GBX 2,428 during Monday's session.
• Royal Bank of Canada has dropped Bellway’s rating to "sector perform" and cut its price target from GBX 3,600 to GBX 3,150.
• The company reported a debt-to-equity ratio of 3.75 and a current ratio of 5.26, indicating its financial structure amidst recent stock fluctuations.

Bellway p.l.c. (LON:BWY - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,546.93 ($34.52) and traded as low as GBX 2,428 ($32.91). Bellway shares last traded at GBX 2,438 ($33.04), with a volume of 459,781 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BWY. Citigroup lowered their price objective on Bellway from GBX 3,100 ($42.02) to GBX 3,000 ($40.66) and set a "buy" rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered Bellway to a "sector perform" rating and decreased their price target for the company from GBX 3,600 ($48.79) to GBX 3,150 ($42.69) in a research note on Wednesday, July 9th.

Bellway Trading Down 1.0%

The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The firm has a market cap of £2.86 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The company has a 50 day moving average of GBX 2,654.83 and a 200 day moving average of GBX 2,544.08.

Bellway Company Profile

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.