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Jul 11 2024, 06:50 IST/BST
Cairn Homes
Model update
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
Incorporating the new share buyback into our model has increased NAV per share estimates by c.7%. There is also close to 4% EPS accretion in FY25. Despite the recent run in share price, there remains 13% upside to our price target and we reiterate our ‘Outperform’ rating.
