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

Key Points

• Shares of Bellway crossed below its 200-day moving average, trading as low as GBX 1,854 and last at GBX 1,863 versus the 200‑day MA of GBX 2,573.49, on volume of 750,132 shares.
• Several brokers have trimmed price targets (e.g., Stifel to GBX 1,900, BofA to GBX 2,200) and the analyst mix is split—four Buys and four Holds—giving an average rating of Moderate Buy and an average target of GBX 2,921.88.
• Bellway has a market cap of £2.35 billion, a P/E of 15.38, reported quarterly EPS of GBX 91.20, and modest profitability metrics (ROE 4.43%, net margin 5.46%).

Shares of Bellway p.l.c. (LON:BWY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,573.49 and traded as low as GBX 1,854. Bellway shares last traded at GBX 1,863, with a volume of 750,132 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BWY. Stifel Nicolaus decreased their price target on 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. Bank of America decreased their price target on 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. Jefferies Financial Group decreased their price target on 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. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 3,150 price target 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 stock. According to data from MarketBeat.com, Bellway currently has an average rating of "Moderate Buy" and an average target price of GBX 2,921.88.

Bellway Stock Up 8.6%

The firm has a 50 day moving average of GBX 2,430.70 and a 200 day moving average of GBX 2,573.49. The firm has a market cap of £2.35 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.40 and a beta of 1.22. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39.

Bellway (LON:BWY - Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. As a group, sell-side analysts predict that Bellway p.l.c. will post 159.0741715 earnings per share for the current year.

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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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