Bellway (LON:BWY) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Bellway p.l.c. (LON:BWY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,588.08 and traded as low as GBX 2,584. Bellway shares last traded at GBX 2,612, with a volume of 27,055,803 shares traded.

Analyst Ratings Changes

A number of analysts recently weighed in on BWY shares. The Goldman Sachs Group started coverage on Bellway in a research note on Monday, November 24th. They issued a “neutral” rating and a GBX 2,844 price target on the stock. Royal Bank Of Canada boosted their target price on shares of Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Bellway from GBX 3,280 to GBX 3,820 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Berenberg Bank reissued a “hold” rating and set a GBX 2,900 price target on shares of Bellway in a report on Monday, September 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,489 price target on shares of Bellway in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 3,242.17.

Bellway Trading Down 0.1%

The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75. The business’s fifty day moving average is GBX 2,663.10 and its two-hundred day moving average is GBX 2,588.08. The firm has a market cap of £3.07 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Bellway (LON:BWY) last announced its quarterly earnings data on Tuesday, October 14th. The company reported GBX 176.70 earnings per share for the quarter. Bellway had a return on equity of 3.78% and a net margin of 5.48%. Equities analysts anticipate that Bellway p.l.c. will post 159.0741715 earnings per share for the current fiscal year.

Bellway announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 14th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Bellway news, insider Simon Scougall sold 4,633 shares of Bellway stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total transaction of £128,195.11. Also, insider Jason Honeyman sold 19,752 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total value of £546,537.84. 0.87% of the stock is owned by insiders.

About Bellway

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.