UK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-

15th Jun 2010 07:27

0624 GMT [Dow Jones] Bellway's (BWY.LN) trading statement is encouraging for both the company and the rest of the sector, says Liberum Capital analyst. Says while Bellway saw a reduction in sales after the general election this was only small. Says the market has been very nervous about the housing sector falling since the election. Adds the rest of the statement reads well with good average selling prices and a small uptick to sales guidance. Still, sees better value elsewhere in the sector, so has a hold rating and target price of 820p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires June 15, 2010 02:27 ET (06:27 GMT)