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Jun 1 2021, 07:00 IST/BST
Glenveagh Properties
Key metrics improving; increasing price target to €1.36
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
The share buyback announced last week has both increased the amount and accelerated the timing of expected shareholder returns at Glenveagh. Combined with a better return on equity in the medium term, this has driven a c.4% increase in our price target to €1.36. We reiterate our ‘Outperform’ rating.
