Bellway (OTCMKTS:BLWYY) Upgraded at Zacks Research

Bellway (OTCMKTS:BLWYY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Berenberg Bank upgraded Bellway from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bellway has a consensus rating of “Moderate Buy”.

Bellway Stock Performance

Bellway stock opened at $31.12 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.26 and a quick ratio of 0.21. Bellway has a 52 week low of $45.25 and a 52 week high of $46.50. The stock has a fifty day moving average of $31.12 and a 200-day moving average of $31.12.

About Bellway

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.