Download full report with analyst certification and important disclosures
Jan 2 2019, 07:15 GMT
Ratings and price correct at time of issue
Company | Rating | Date | Previous Rating | Date | Closing Price |
---|---|---|---|---|---|
AIB Group | NEUTRAL | 14/08/18 | Outperform | 28/03/18 | 368c |
Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 486c |
Dalata Hotel Group | OUTPERFORM | 09/09/14 | Under Review | 03/09/14 | 474c |
FBD Holdings | OUTPERFORM | 01/09/17 | Neutral | 29/02/16 | 824c |
Grafton Group | OUTPERFORM | 15/12/15 | Neutral | 07/09/15 | 643p |
Green REIT | OUTPERFORM | 23/01/14 | N/A | N/A | 135c |
Hibernia REIT | OUTPERFORM | 11/11/14 | N/A | N/A | 125c |
Irish Continental Grp | OUTPERFORM | 30/08/18 | Neutral | 19/02/18 | 425c |
IRES REIT | OUTPERFORM | 08/05/15 | N/A | N/A | 135c |
permanent tsb Group | OUTPERFORM | 01/08/18 | Neutral | 03/08/17 | 152c |
Applegreen | OUTPERFORM | 23/07/15 | N/A | N/A | 610c |
Cairn Homes | OUTPERFORM | 26/08/15 | N/A | N/A | 107c |
Glenveagh Properties | OUTPERFORM | 10/11/17 | N/A | N/A | 70.6c |
The 21% decline in the Irish equity market in 2018 was at odds with on-going strength in the economy. With economic growth expected to exceed 5% in 2019 (subject to an on-going fudge on Brexit), companies exposed to the Irish economy are likely to benefit – particularly given attractive valuations. These include the banks (Bank of Ireland our preferred choice), housebuilders (Glenveagh Properties), REITs and a number of others including Dalata Hotel Group, Irish Continental Group, Cpl Resources, Applegreen and Grafton Group.
Jan 2 2019, 07:15 GMT