News Formal

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

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

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

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 ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EY’s break-up plan raises fears over audit businessIndustry body among those questioning whether quality will suffer from split
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Fears over interest rates and growth weigh on consumer stocksEuropean shares fall as worries over US economy reach across Atlantic via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »