Glenveagh Properties

Perfectly placed; increasing price target to 221c

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 190c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

In this report we highlight that Glenveagh Properties is one of very few builders in Ireland carving out a dominant market position and capable of delivering a significant number of new homes. Volumes will continue to trend upwards, and vertical integration can provide significant tailwinds to margins and returns in the future. We reiterate our ‘Outperform’ rating and increase our price target to 221c, implying 16% upside from current levels.

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Sep 29 2025, 07:00 IST/BST

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