Jefferies keeps Buy rating and GBp 2,380 target for Bellway stock

Published on 10/05/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bellway expects GBP 320-330 million operating profit versus GBP 304 million. Bellway stock costs EUR 24.50 on October 5, 2026 versus EUR 24.90.

Isometrisches 3D-Diagramm vom Grundstück bis zum fertigen Wohnhaus — Bellway p.l.c. (GB0000904986) illustriert ein isometrisches Diagramm der Wertschöpfungskette vom Grundstück bis zum Hausverkauf, Illustration mit AI erstellt.

Jefferies Financial Group reiterated its Buy rating on Bellway and set a GBp 2,380 price target in a research note issued on September 28, 2026, according to MarketBeat. The rating puts the analyst view against Bellway stock at EUR 24.50 in the Lang & Schwarz session on October 5, 2026.

Jefferies sets a clear benchmark

The GBp 2,380 target was unchanged in the September 28 note, while MarketBeat reported potential upside of 13.12 percent from Bellway's previous LSE close of GBp 2,104. The same report said six analysts rated the stock Buy and three rated it Hold, with an average target of GBp 2,522.33.

That benchmark matters because the target is stated in pence on Bellway's primary exchange, while the reference price for German investors is quoted in euros at Lang & Schwarz. The two figures describe different venues and are not combined into one performance calculation.

Profit outlook faces housing pressure

Bellway expects underlying operating profit of GBP 320-330 million for fiscal 2026, compared with GBP 304 million in the previous year, Fidelity International reported on September 30, 2026.

The same coverage said Bellway described customer demand as moderated in April and May after mortgage rates rose. That combination leaves the October results focused on whether operating profit can reach the stated range while housing demand remains uneven.

October results set the test

Bellway's investor centre lists full-year results and a webcast for October 13, 2026, making that date the next material reporting point on the company calendar, Bellway shows. The result will provide the first full-year check on the GBP 320-330 million operating-profit outlook.

Bellway is a UK residential construction group selling homes under the Bellway and Ashberry brands. The company is listed on the LSE under ticker BWY.L and sits in the FTSE 250, according to Global Banking and Finance Review.

Bellway stock stays below its yearly high

Bellway stock was trading at EUR 24.50 at Lang & Schwarz on October 5, 2026 at 2:31 p.m. CEST, down 1.61 percent versus the prior close of EUR 24.90 on October 2, 2026. On the LSE, the stock was last at GBp 2,070 on October 5, 2026 at 1:30 p.m. BST, within a 52-week range of GBp 1,715 to GBp 2,890, while market capitalization stood at GBP 2.3 billion.

The further course of trading is shown by the continuously updated real-time quote of Bellway stock.