Bellway (LON:BWY) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Shares of Bellway p.l.c. (LON:BWY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,573.49 and traded as low as GBX 1,854. Bellway shares last traded at GBX 1,863, with a volume of 750,132 shares trading hands.Analysts Set New Price TargetsSeveral brokerages have recently weighed in on BWY. Stifel Nicolaus decreased their price target on Bellway from GBX 2,280 to GBX 1,900 and set a "hold" rating for the company in a research note on Thursday, March 26th. Bank of America decreased their price target on Bellway from GBX 3,200 to GBX 2,200 and set a "buy" rating for the company in a research note on Friday, March 27th. Jefferies Financial Group decreased their price target on Bellway from GBX 3,476 to GBX 3,461 and set a "buy" rating for the company in a research note on Monday, January 19th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 3,150 price target on shares of Bellway in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Bellway currently has an average rating of "Moderate Buy" and an average target price of GBX 2,921.88.View Our Latest Analysis on BellwayBellway Stock Up 8.6%The firm has a 50 day moving average of GBX 2,430.70 and a 200 day moving average of GBX 2,573.49. The firm has a market cap of £2.35 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.40 and a beta of 1.22. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 5.39. Bellway (LON:BWY - Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported GBX 91.20 EPS for the quarter. Bellway had a return on equity of 4.43% and a net margin of 5.46%. As a group, sell-side analysts predict that Bellway p.l.c. will post 159.0741715 earnings per share for the current year. Bellway Company Profile (Get Free Report)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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom. Further ReadingFive stocks we like better than BellwayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bellway Right Now?Before you consider Bellway, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bellway wasn't on the list.While Bellway currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here