Belvoir Group PLC strengthens market position with acquisition plans

Belvoir Group PLC (AIM:BLV)’s first-half results were exceptionally strong, said broker finnCap, which has raised its price target to 365p or 35% upside from today’s 269p.

While the numbers were helped by a very buoyant housing market, this does not detract from the strategic progress the group continues to make said the broker.

The group’s growth strategy has supported 24 years of unbroken profit growth and while 2022 will likely see cooler market conditions, there are increasing signs it will be a gradual return to more normal trading.