Investors should consider buying shares in housebuilder Bellway, according to analysts at Peel Hunt, who said the firm is well positioned to weather the impacts of lower house prices and higher building costs. Peel Hunt's analysts forecast Bellway's house prices will drop slightly but remain higher than £300,000 as they gave the Newcastle building company a Buy rating with a price target of 3,240p.

Investors should consider buying shares in Hostelworld, Peel Hunt's analysts said, as they predicted demand from the firm's core customers will prove resilient in the face of the worsening economic slump. Peel Hunt's analysts said more bookings in Asia and Oceania as they continue to lift their Covid-19 restrictions could boost Hostelworld's business as they gave the firm a Buy rating with a target price of 110p.

(c) 2022 City A.M., source Newspaper