McInerney shares may rise: Analyst

Shares in McInerney Group could rise 15 per cent over the next six months despite a slowdown in the British housing market, a British housing analyst has predicted.

4th December, 2004

Shares in McInerney Group could rise 15 per cent over the next six months despite a slowdown in the British housing market, a British housing analyst has predicted.

McInerney shares last week traded at €6, having fallen from an all-time high of €6.20 they hit two weeks ago amid fears of a crash in the British housing market. Nonetheless, the shares have risen 27 per cent since the beginning of the year.

Mark Hughes, analyst at Numis...

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