Bellway (LON:BWY) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Bellway p.l.c. (LON:BWY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,527.25 ($33.90) and traded as high as GBX 2,564 ($34.39). Bellway shares last traded at GBX 2,518 ($33.78), with a volume of 171,380 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered shares of Bellway to a "sector perform" rating and decreased their price objective for the stock from GBX 3,600 ($48.29) to GBX 3,150 ($42.25) in a report on Wednesday, July 9th.

Bellway Price Performance

The company has a market cap of £2.99 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 3.40 and a beta of 1.46. 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 company's 50 day moving average price is GBX 2,729.14 and its 200 day moving average price is GBX 2,529.44.

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.