Bellway (OTCMKTS:BLWYY) Downgraded to Strong Sell Rating by Zacks Research

Bellway (OTCMKTS:BLWYY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Barclays cut Bellway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Bellway Price Performance

Shares of Bellway stock opened at $31.12 on Tuesday. The business has a 50 day simple moving average of $31.12 and a two-hundred day simple moving average of $31.11. Bellway has a 12 month low of $45.25 and a 12 month high of $46.50.

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