Cairn Homes is “in a unique position in a fragmented and under-supplied Irish housing market given its scale and balance sheet strength”, according to Goodbody Stockbrokers.
The Dublin-listed builder was trading at €1.018 on Euronext Dublin on Friday evening. However, Goodbody has a price target of €1.65 for the company. Shane Carberry, an investment banking analyst at Goodbody, said there are a number of factors why the shares are trading significantly below what he perceives ...
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