Glenveagh Properties

Emerging from lockdown as strong as ever; increasing price target to €1.31

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 94.1c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

We expect Glenveagh Properties to deliver c.3,000 units in 2024 and, now that home building is fully open in Ireland again, to resume a strong trajectory towards higher returns (RoE/RoCE). We increase our price target to €1.31 from €1.19 previously and reiterate our ‘Outperform’ rating.

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Apr 23 2021, 06:30 IST/BST

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