Belvoir price target upgraded to 359p after strong first half

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"Belvoir has a range of growth opportunities in a changing, large and fragmented market" Finncap has raised its price target on () to 359p after first-half results and updating its valuation model for the latest market free cash flow yield. Belvoir has a range of growth opportunities in a changing, large and fragmented market and has the model (franchise based) and proven management skill to continue to take advantage of them, says the broker. These positives are still not reflected in the 2022E P/E of 14.7x and free cash flow yield of 6.7%, it added. "Pipelines remain strong and lettings is benefiting from the increased rental activity and tenant demand creating upward pressure on rents." Shares rose 2.7% to 304p. Add related topics to MyProactive Create your account: sign up and get ahead on news and events NO INVESTMENT ADVICE The Company is a publisher. You understand a
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