Cairn Homes in ‘unique position’ in undersupplied Irish market, say analysts

📆 2022-09-16 오전 12:15:00

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Figures from Cairn show that new home commencements fell by 19.8 per cent in the period from March to July this year, on the back of rising build cost inflation

📆 2022-09-16 오전 12:15:00
📰 businessposthq

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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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