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

Bellway p.l.c. (LON:BWY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,532.80 ($34.04) and traded as high as GBX 2,634 ($35.40). Bellway shares last traded at GBX 2,569.94 ($34.54), with a volume of 201,553 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of Bellway to a "sector perform" rating and decreased their target price for the stock from GBX 3,600 ($48.38) to GBX 3,150 ($42.33) in a research note on Wednesday, July 9th.

Bellway Stock Up 0.1%

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 fifty day simple moving average is GBX 2,717.90 and its 200 day simple moving average is GBX 2,532.80. The firm has a market capitalization of £3.02 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

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.