Cairn Homes

FY23 guidance upgraded on higher volume output

  • Sectors : Construction and Housebuilding
  • Companies : Cairn Homes

Ratings and price correct at time of issue.

  • Cairn Homes

    Closing Price: 113c

  • RATING 26/08/15

  • PREVIOUS RATING N/A

DAVY VIEW

Carin will be delivering more homes than expected in FY23, driven by strong demand and good progress on construction. Guidance has been increased, and we expect there to be c.5% upgrades from today’s news. The buyback has also been upsized, providing support to the equity story. We retain our ‘Outperform’ rating.

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Sep 7 2023, 07:10 IST/BST

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