Download full report with analyst certification and important disclosures
Jun 4 2026, 07:05 IST/BST
Glenveagh Properties
Buybacks drive upward momentum in forecasts
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
As part of our model update, we reflect on the significant work done by Glenveagh Properties to return profits and capital to shareholders through buybacks. The company has reduced the number of outstanding shares by 42% since the end of 2020, and we believe that this could reach almost 60% by the end of 2028. We increase our price target by c.3% to 256c and reiterate our ‘Outperform’ rating.
