The company has an excellent Surperformance rating, indeed, it is a five stars stock. This underlines the security’s fundamentals strength. The firm’s sales and operating income should keep on having 2 digits growth. The share has not reach yet the average price target and shows a low P/E ratio, below 10.
Well oriented moving averages help supporting the stock. It has successfully tested the GBp 2059 resistance and the upper trend line, before approaching the 50-day moving average. This technical line initiated an upward reversal that is very likely to lead the share toward its short term resistance. Consequently, investors can take a long position at current prices to target the GBp 2059 resistance as a first goal. A stop loss should be set below GBp 1918.
At the publication date, the company Surperformance, 4-traders.com website publisher, held a position of 130 stocks, acquired at an average price of GBp 1528.
Bellway p.l.c. is a United Kingdom-based home construction company engaged in the building and selling of homes, ranging from one-bedroom apartments up to six-bedroom family homes, as well as providing social housing-to-housing associations. The Company operates into approximately 21 divisions, covering centers across England, Scotland and Wales. The Company's brands include Bellway, Ashberry brand and Bellway London. Bellway brand is engaged in building quality homes in selected locations inspired by the needs of families. Ashberry brand is used on larger sites, where the site layout and market demand justify two selling outlets. The Bellway London brand covers all their developments in London boroughs and commuter towns. Its properties range from one-bedroom apartments to four-bedroom houses. The Company's subsidiaries include Bellway Homes Limited, Bellway Housing Trust Limited, Bellway Properties Limited, Bellway (Services) Limited and Litrose Investments Limited.
BELLWAY P.L.C. 
