Glenveagh Properties (LON:GLV) Reaches New 1-Year High – Still a Buy?

Glenveagh Properties PLC (LON:GLV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2 and last traded at GBX 1.98, with a volume of 40601 shares changing hands. The stock had previously closed at GBX 2.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded Glenveagh Properties to a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Glenveagh Properties Stock Down 1.3%

The firm’s 50-day simple moving average is GBX 1.91 and its 200 day simple moving average is GBX 1.90. The company has a debt-to-equity ratio of 17.86, a quick ratio of 1.59 and a current ratio of 6.27. The company has a market cap of £10.28 million, a P/E ratio of 0.09 and a beta of 1.15.

About Glenveagh Properties

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish
homebuilder.
Supported by innovation and supply chain integration, Glenveagh are committed to opening access to sustainable high-quality homes to as many people as possible in flourishing communities across Ireland. We are focused on three core markets – suburban housing, urban apartments and partnerships with local authorities and state agencies.