Cairn Homes (LON:CRN) Sets New 12-Month High – Here’s What Happened

Cairn Homes plc (LON:CRN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 211 and last traded at GBX 209.56, with a volume of 165409 shares. The stock had previously closed at GBX 203.50.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Cairn Homes from GBX 200 to GBX 245 and gave the company a “buy” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cairn Homes currently has an average rating of “Buy” and an average target price of GBX 245.

Cairn Homes Stock Performance

The stock’s 50-day moving average price is GBX 198.06 and its 200-day moving average price is GBX 191.67. The company has a market cap of £1.32 billion, a P/E ratio of 10.05 and a beta of 0.75. The company has a debt-to-equity ratio of 27.72, a current ratio of 5.12 and a quick ratio of 0.22.

Cairn Homes Company Profile

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.