Savills shares look undervalued after robust trading update, says Peel Hunt

Peel Hunt has reiterated its 'buy' rating and 1,400p target price on Savills PLC (LSE:SVS), the FTSE 250 property services group, after an annual general meeting update showed trading running marginally ahead of board expectations. The broker said the shares, which have fallen 16% year to date, now trade on a price-to-earnings ratio (a measure of how much investors pay per pound of profit) of around 9 times forecast 2026 earnings, with an enterprise value to EBITDA multiple of roughly 5 times.