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Jan 10 2025, 07:10 GMT
Glenveagh Properties
FY24 in line; FY25 upgrades and buyback increased
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
Glenveagh Properties’ FY24 results will be in line with company guidance, and the new FY25 guidance implies upgrades of over 4% to consensus numbers. The current buyback has also been increased to €65m from €50m. The group has made some very good value land acquisitions and is set to continue growth into the medium term. This is a very undervalued stock and is our top pick in the sector. We reaffirm our ‘Outperform’ rating.
