Jefferies sets GBp 2,380 target for Bellway stock

Published on 10/02/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies keeps its Buy rating at GBp 2,380 on September 28, 2026. Bellway stock costs EUR 25.10 on October 2, 2026 versus EUR 24.80, plus 1.21 percent.

Makroaufnahme von roten Ziegelsteinen mit sichtbarer Mörtelstruktur — Bellway p.l.c. (GB0000904986) zeigt eine Makroaufnahme roter Ziegelsteine, typisches Baumaterial der britischen Baubranche, Illustration mit AI erstellt.

Bellway stock (ISIN GB0000904986) was trading at EUR 25.10 at Lang & Schwarz on October 2, 2026 at 11:46 a.m. CEST, up 1.21 percent versus the prior close of EUR 24.80. The latest analyst signal came on September 28, 2026, when Jefferies reiterated its Buy rating and set a GBp 2,380 price target, according to Markets Insider.

Target stays above the market

Jefferies' GBp 2,380 target is 13.66 percent above the prior London close of GBp 2,094 cited in the analyst coverage. The rating therefore sits alongside a measurable valuation gap rather than a new earnings estimate.

MarketBeat reports that six analysts rate Bellway Buy and three rate it Hold, while the consensus target is GBp 2,522.33. That consensus is 19.33 percent above the prior close of GBp 2,094, leaving the analyst range wide enough to make the October results important for the next valuation step.

Profit guidance faces housing pressure

Bellway remains tied to UK mortgage costs, buyer demand and construction expenses. Fidelity International reported on September 30, 2026 that Bellway was still targeting underlying operating profit of GBP 320 million to GBP 330 million for fiscal 2026, compared with GBP 304 million in the previous year.

The company is scheduled to publish its annual results on October 13, 2026, according to the same Fidelity International report. That date gives investors a defined test for the profit range, while the latest August trading update listed on Bellway's investor centre provides the most recent company communication before the results.

Bellway stock remains below its high

Bellway's primary listing is on the London Stock Exchange under ticker BWY, and its business is residential construction in the United Kingdom, according to Global Banking and Finance. The 52-week range is GBp 1,715.00 to GBp 2,890.00, placing the latest primary-market quote of GBp 2,126 below the yearly high; the market capitalization was GBP 2.4 billion as of October 2, 2026.

For investors, the key comparison is the gap between Bellway's GBP 320 million to GBP 330 million fiscal 2026 operating profit target and the GBP 304 million prior-year figure. The October 13 results will show whether demand and costs allowed the company to preserve that improvement.

Bellway was trading at EUR 25.10 at Lang & Schwarz on October 2, 2026 at 11:46 a.m. CEST, plus 1.21 percent versus the Lang & Schwarz prior close of EUR 24.80 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Bellway stock.