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May 23 2025, 11:15 IST/BST
Glenveagh Properties
Model update
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
The increased buyback announced this week is accretive to both our book value (+3.1% in FY25) and EPS (+2.2% in FY26) forecasts. The stock remains cheap at just over 1.1x book value, and we reiterate our ‘Outperform’ rating, with almost 25% upside to our 212c price target.
