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Aug 20 2024, 07:05 IST/BST
Vistry Group
Reliable growth from Partnerships model
- Sectors : Construction and Housebuilding
- Companies : Vistry Group
DAVY VIEW
Vistry’s unique Partnerships model will provide it with two distinct advantages over peers in the medium term: (1) it will likely benefit from the increased focus of a new Labour government towards social/affordable housebuilding and (2) it is less exposed than the rest of the sector to a lingering affordability problem in the UK housing market. We reiterate our ‘Outperform’ rating with c.17% upside to our new 1540p price target.
