Bellway (OTCMKTS:BLWYY) Cut to Hold at Barclays

Bellway (OTCMKTS:BLWYY) was downgraded by analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Zacks Research upgraded Bellway from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Bellway Stock Performance

Bellway stock opened at $31.12 on Tuesday. Bellway has a 52-week low of $45.25 and a 52-week high of $46.50. The stock’s 50 day moving average price is $31.12 and its two-hundred day moving average price is $31.11.

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 and Ashberry brands. Bellway p.l.c. was incorporated in 1978 and is headquartered in Newcastle upon Tyne, the United Kingdom.