Cairn Homes

Guidance reiterated amidst strongest demand seen to date

  • Sectors : Construction and Housebuilding
  • Companies : Cairn Homes

Ratings and price correct at time of issue.

  • Cairn Homes

    Closing Price: 104c

  • RATING 26/08/15

  • PREVIOUS RATING N/A

DAVY VIEW

Cairn Homes has seen the strongest levels of demand yet in the market in recent months, driving a big increase in the order book to 1,600 units (now 87% sold out for FY22). Guidance has been reiterated for FY22 and the medium term. The stock is very well positioned for the rest of 2022, and we reiterate our ‘Outperform’ rating.

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May 12 2022, 07:25 IST/BST

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