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Davy Research

Glenveagh Properties

Updating forecasts post-interims

Oct 20 2021, 07:20 IST/BST
Colin Sheridan CFA
Company Report
7 page(s)

Sectors : Construction and Housebuilding

Companies : Glenveagh Properties

Ratings and price correct at time of issue.

Glenveagh Properties

Closing Price: 111c
RATING 10/11/17
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

We are moving our forecasts higher by 1.7% over the investment horizon mainly due to upside surprises (land sale and margin beat) that were announced with the company’s interim results. The company is perfectly placed going into 2022 and we reiterate our ‘Outperform’ rating.

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Oct 20 2021, 07:20 IST/BST