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May 9 2025, 07:36 IST/BST
Cairn Homes
Increasing medium-term forecasts
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
While a good start to the year has increased confidence in FY25 forecasts, the better-than-expected build cost inflation guidance leads us to increase our margin trajectory into future years. Across the FY25-27 forecast period, our EPS estimates are 3.1% higher. We increase our target price to 226c (10% upside) and reiterate our ‘Outperform’ rating.
