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Nov 10 2017, 07:10 GMT
Glenveagh is at the start of an exciting journey. It is now one of a very small group of housebuilders with the financial and operational capacity to build much-needed homes at scale in Ireland. Already an established builder, it is now fully-capitalised and under the guidance of a sector-leading management team. It looks set to deliver rapid growth and impressive financial returns over the medium term. We initiate with an ‘Outperform’ rating and a price target of €1.36.