Glenveagh Properties

Joining an exclusive club; initiating with an ‘Outperform’ rating

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 116c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

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.

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Nov 10 2017, 07:10 GMT

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