Bellway (LON:BWY) Share Price Crosses Above 200 Day Moving Average of $2,661.62

Bellway p.l.c. (LON:BWY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,661.62 ($34.09) and traded as high as GBX 2,694 ($34.51). Bellway shares last traded at GBX 2,662 ($34.10), with a volume of 206,795 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BWY. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,650 ($46.75) price target on shares of Bellway in a report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,013 ($38.59) target price on shares of Bellway in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a report on Friday, July 5th.

Bellway Stock Performance

The firm’s 50-day moving average price is GBX 2,668.68 and its two-hundred day moving average price is GBX 2,661.62. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78. The stock has a market cap of £3.17 billion, a price-to-earnings ratio of 1,478.89, a PEG ratio of 60.49 and a beta of 1.43.

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.