Download full report with analyst certification and important disclosures
Aug 13 2021, 06:30 IST/BST
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.