Bellway plc

FY 2026 on track with risks on the horizon

  • Sectors : Construction and Housebuilding
  • Companies : Bellway plc

Ratings and price correct at time of issue.

  • Bellway plc

    Closing Price: 2138p

  • RATING 24/03/14

  • PREVIOUS RATING 10/09/13

    NEUTRAL

DAVY VIEW

Operating profit estimates for FY26 are likely to be largely unchanged for Bellway, although with a higher number of completions and a lower margin. The Middle East conflict has increased risk around FY27 numbers and beyond, and the scale and duration of the conflict will be a primary driver of numbers over the coming months. 

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Mar 24 2026, 07:57 GMT

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