Bellway (LON:BWY) Stock Price Passes Above 200-Day Moving Average of $2,679.39

Bellway p.l.c. (LON:BWY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,679.39 ($34.24) and traded as high as GBX 2,732 ($34.91). Bellway shares last traded at GBX 2,704 ($34.56), with a volume of 170,582 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bellway in a research report on Friday, July 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 3,650 ($46.65) target price on shares of Bellway in a research report on Tuesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,013 ($38.50) target price on shares of Bellway in a research note on Monday, June 10th.

Bellway Stock Up 3.4 %

The firm’s 50 day simple moving average is GBX 2,682.70 and its 200 day simple moving average is GBX 2,679.57. The company has a market cap of £3.27 billion, a price-to-earnings ratio of 1,526.67, a price-to-earnings-growth ratio of 60.49 and a beta of 1.43. The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78.

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.