Bellway plc

Solid sales rates in H2 so far; volume guidance reiterated

  • Sectors : Construction and Housebuilding
  • Companies : Bellway plc

Ratings and price correct at time of issue.

  • Bellway plc

    Closing Price: 3481p

  • RATING 24/03/14

  • PREVIOUS RATING 10/09/13

    NEUTRAL

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

Bellway has seen good sales rates since February despite the curtailment of Help to Buy from April. The company has reiterated volume guidance for the year, and average selling price (ASP) is likely to be slightly higher than previously thought. Build cost inflation is continuing to accelerate, but this is being more than compensated by house price inflation for now.

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Jun 15 2021, 07:30 IST/BST

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