Bellway (OTCMKTS:BLWYY) Stock Moved Up to Hold by Zacks Research

Zacks Research upgraded shares of Bellway (OTCMKTS:BLWYY) from a strong sell rating to a hold rating in a report issued on Monday,Zacks reports.

Separately, Berenberg Bank raised shares of Bellway from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Bellway Price Performance

Shares of BLWYY stock opened at $31.12 on Monday. The company has a quick ratio of 0.21, a current ratio of 5.26 and a debt-to-equity ratio of 0.04. Bellway has a fifty-two week low of $45.25 and a fifty-two week high of $46.50. The firm’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $31.12.

Bellway Company Profile

Bellway plc is a residential property developer headquartered in Newcastle upon Tyne, England. The company acquires land, obtains planning permissions and builds new homes for sale to individual buyers, investors and housing providers.

Bellway develops a range of properties, including apartments, family houses and larger homes. Its activities also include the construction of affordable housing in partnership with housing associations and local authorities. The company operates through the Bellway, Bellway London and Ashberry Homes brands.

Founded in 1946, Bellway has grown into one of the United Kingdom’s major housebuilders.