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Sep 23 2025, 07:00 IST/BST
Cairn Homes
Updating forecasts post interim results; increasing PT to 229c
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
Operating profits are moving higher at a low- to mid-single-digit percentage rate across the forecast horizon in our new Cairn Homes model. Our price target (PT) has moved up by just over 1% to 229c, driven by the higher profits but mitigated somewhat by a lower cashflow forecast and marginally lower returns expectations. There is 20% upside to our new PT.
