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Apr 30 2021, 06:30 IST/BST
Cairn Homes
Scope to return close to 50% of share price in the next four years; increase price target to €1.44
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
Our report contains a material upgrade to forecasts along with a more ambitious set of new numbers for 2024. Shareholder returns are once again a big driver of our positive thesis on the stock and we expect 52c per share to be returned in the next four years. Our price target has moved to €1.44 and we reiterate our ‘Outperform’ rating.
