Bellway (LON:BWY) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Bellway p.l.c. (LON:BWY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,527.25 ($33.92) and traded as high as GBX 2,564 ($34.42). Bellway shares last traded at GBX 2,518 ($33.80), with a volume of 171,380 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut shares of Bellway to a "sector perform" rating and reduced their price target for the stock from GBX 3,600 ($48.32) to GBX 3,150 ($42.28) in a research report on Wednesday, July 9th.

Bellway Stock Up 0.1%

The firm has a market capitalization of £2.99 billion, a P/E ratio of 23.08, a PEG ratio of 3.40 and a beta of 1.46. The firm's 50-day moving average is GBX 2,729.14 and its 200 day moving average is GBX 2,528.49. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26.

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.