Cairn Homes

Upgrading estimates following interim results; raising price target by 2% to €1.52

  • Sectors : Construction and Housebuilding
  • Companies : Cairn Homes

Ratings and price correct at time of issue.

  • Cairn Homes

    Closing Price: 114c

  • RATING 26/08/15

  • PREVIOUS RATING N/A

DAVY VIEW

On the back of strong results, we have increased our forecast EPS for Cairn Homes by c.5% in the FY21-24 period. This has driven a 2% increase in our price target to €1.52. With 33% upside to our new valuation, we reiterate our ‘Outperform’ rating.

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Sep 10 2021, 07:05 IST/BST

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