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Aug 13 2021, 06:30 IST/BST
Cairn Homes
Upgrading forecasts on better volume and margin outlook; increasing price target to €1.49
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
We are today increasing our Cairn Homes forecasts by 7.4% for the FY21-24 period. The resumption of shareholder returns gives us confidence in our forecast for 52c in distributions (11.5% average dividend yield) in the next four years. We are increasing our price target to €1.49 from €1.44 previously and reiterate our ‘Outperform’ rating.
