Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,670.00p
   
  • Change Today:
      24.00p
  • 52 Week High: 2,860.00p
  • 52 Week Low: 1,921.00p
  • Currency: UK Pounds
  • Shares Issued: 118.96m
  • Volume: 48,874
  • Market Cap: £3,176.32m
  • RiskGrade: 188

Selloff in housebuilding sector presents opportunities, says Citi

By Michele Maatouk

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - The recent selloff in the housebuilding sector presents opportunities with significant growth and yield attractions, Citi said in a note on Tuesday.
The bank noted that inflationary pressures, supply chain challenges and the impact of potential rate hikes have dominated investor concerns recently.

"This despite the sector's resilient operating performance and robust demand trends, outweighing an ambitious medium term growth trajectory with average annualised net asset growth projected at circa +14% per annum for 2022- 23e," it said.

"The current valuation of a P/B of 1.4x for CY22e reflects a discount of over 25% to implied multiples on our estimates and offers investors significant value over the medium term."

Citi said housebuilders with strong medium-term growth targets, namely Barratt, Bellway and Taylor Wimpey remain its preferred picks. It also has buy ratings on Persimmon, Berkeley Group and Redrow.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bellway Market Data

Currency UK Pounds
Share Price 2,670.00p
Change Today 24.00p
% Change 0.91 %
52 Week High 2,860.00p
52 Week Low 1,921.00p
Volume 48,874
Shares Issued 118.96m
Market Cap £3,176.32m
RiskGrade 188

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.58% above the market average3.58% above the market average3.58% above the market average3.58% above the market average3.58% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
74.97% above the market average74.97% above the market average74.97% above the market average74.97% above the market average74.97% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Income
31.57% below the market average31.57% below the market average31.57% below the market average31.57% below the market average31.57% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Growth
22.98% below the market average22.98% below the market average22.98% below the market average22.98% below the market average22.98% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bellway Dividends

  Latest Previous
  Interim Final
Ex-Div 23-May-24 30-Nov-23
Paid 01-Jul-24 10-Jan-24
Amount 16.00p 95.00p

Trades for 28-Mar-2024

Time Volume / Share Price
15:07 220 @ 2,670.00p
15:07 93 @ 2,670.00p
15:07 21 @ 2,670.00p
15:07 21 @ 2,670.00p
15:07 81 @ 2,668.00p

Bellway Key Personnel

CEO Jason Honeyman

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