Bellway (LON:BWY) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Bellway p.l.c. (LON:BWY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,588.11 and traded as high as GBX 2,706. Bellway shares last traded at GBX 2,638, with a volume of 552,885 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,900 price target on shares of Bellway in a research note on Monday, September 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,489 target price on shares of Bellway in a report on Wednesday, October 22nd. Citigroup lifted their price target on Bellway from GBX 3,000 to GBX 3,090 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bellway in a research report on Friday, October 17th. Finally, Royal Bank Of Canada raised their price objective on Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,194.75.

Bellway Stock Performance

The stock has a 50-day moving average of GBX 2,544.59 and a 200 day moving average of GBX 2,588.11. The stock has a market cap of £3.13 billion, a PE ratio of 20.08, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75.

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

Bellway declared that its board has approved a share repurchase plan on Tuesday, October 14th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Bellway

In other news, insider Simon Scougall sold 4,633 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total value of £128,195.11. Also, insider Jason Honeyman sold 19,752 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of GBX 2,767, for a total value of £546,537.84. Company insiders own 0.84% of the company’s stock.

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.