Barratt Redrow PLC (LSE:BTRW) and Bellway PLC (LSE:BWY) shares rose on Friday after Berenberg upgraded both housebuilders to 'buy', arguing that strong balance sheets and generous shareholder returns offer an attractive opportunity despite a worsening outlook for the sector. The broker cut its average profit before tax forecasts for the sector by 15% for 2027, citing elevated mortgage rates, higher energy costs and pressure on margins.
Bellway PLC's (LSE:BWY) volume story remains intact, but Citi sees cost inflation and incentives continuing to weigh on margins as the housebuilder works to sustain sales momentum in a difficult market. Analyst Ephrem Ravi said Bellway's latest update pointed to “resilient volume visibility”, with management expecting bulk sales to support delivery and remaining confident about sustaining momentum into FY27 and hitting its FY28 volume targets.
Bellway PLC (LSE:BWY) said it remains on track to meet full-year profit guidance despite a recent slowdown in customer demand and renewed pressure on building material costs. The housebuilder said trading improved at the start of the spring selling season compared with last autumn, but demand softened in April and May following a rise in mortgage rates.
| Real Estate Management & Development Industry | Real Estate Sector | Jason Michael Honeyman CEO | OTC PINK Exchange | 079890109 CUSIP |
| GB Country | 2,659 Employees | 22 May 2026 Last Dividend | - Last Split | - IPO Date |
Bellway p.l.c. is a renowned home building company operating within the United Kingdom, distinguished for its comprehensive array of residential properties. Since its inception in 1946, Bellway has grown significantly, establishing itself as a key player in the UK's housing sector. The company has a broad geographical presence across the nation, with its headquarters located in Newcastle upon Tyne. Over the years, Bellway has expanded its operations to encompass the development and sale of various types of homes, catering to a wide range of customer needs and preferences. Its commitment to building high-quality homes has solidified its reputation among homeowners and investors alike.
Bellway p.l.c. offers a diverse portfolio of homes and housing solutions, designed to meet the varying demands of the modern homeowner. The products and services provided by the company include: