Glenveagh Properties

Accelerating cash returns; increasing price target to €2.49

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 195c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

In this report, we illustrate the significant medium-term cashflow potential for Glenveagh Properties. Over €400m in free cashflow (FCF) is likely to be generated in the next three years, and we can envisage close to €450m in shareholder returns (87c/share) in the FY26-28 period. We raise our price target to €2.49, providing almost 30% upside.

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Apr 1 2026, 07:00 IST/BST

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