Abbey

On track to meet full year expectations

  • Sectors : Construction and Housebuilding
  • Companies : Abbey

Ratings and price correct at time of issue.

  • Abbey

    Closing Price: 1470c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

While margins have fallen in Abbey’s UK home building business, this was largely expected in our forecasts. The company is now trading at a double-digit discount to net asset value (NAV) per share, and the valuation is very attractive at this point. We see limited changes to numbers from the announcement.

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Dec 7 2018, 07:10 GMT

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