Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,642.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 2,860.00
  • 52 Week Low: 1,921.00
  • Currency: UK Pounds
  • Shares Issued: 118.96m
  • Volume: 8,767
  • Market Cap: £3,143.01m
  • RiskGrade: 188

Barclays downgrades Persimmon, upgrades Crest Nicholson and Berkeley

By Michele Maatouk

Date: Monday 06 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Barclays downgraded its stance on Persimmon on Monday, but upgraded Crest Nicholson and Berkeley as it took a look at UK housebuilders.
The bank cut Persimmon to 'underweight' from 'overweight' and reduced the price target to 2,500p from 3,000p.

Barclays said that following recent house price inflation, it expects affordability to come under further pressure in 2022 as interest rates and the cost of living rise.

"Forward order books provide short-term protection to volumes, however, we see particular demand risks for first-time buyers, where rising interest rates have a more pronounced impact on mortgage costs," it said.

"Help to Buy ends in early 2023 and currently accounts for circa 20% of the sector's private sales - this poses a transition risk. Our analysis shows that Persimmon is most exposed to these risks, given its product and customer mix, and we move this to our sole UW (from OW) and have the only negative recommendation on the Street."

Overall, it noted that the sector has underperformed the FTSE 250 by around 10% in the year to date and said that elsewhere, it broadly sees risks priced in and "selective value".

It highlighted Redrow and Vistry, on which it retained its 'overweight' ratings. In addition, the bank upgraded Crest Nicholson to 'overweight' from 'equalweight' and Berkeley Group to 'equalweight' from 'underweight' following a period of share price underperformance. Their price targets were kept at 430p and 4,460p, respectively.

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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 2,642.00p
Change Today -4.00p
% Change -0.15 %
52 Week High 2,860.00
52 Week Low 1,921.00
Volume 8,767
Shares Issued 118.96m
Market Cap £3,143.01m
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
08:44 79 @ 2,642.00p
08:44 24 @ 2,642.00p
08:44 1 @ 2,642.00p
08:41 32 @ 2,644.00p
08:39 340 @ 2,647.00p

Bellway Key Personnel

CEO Jason Honeyman

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