Cairn Homes (LON:CRN) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Cairn Homes plc (LON:CRNGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 188.46 and traded as high as GBX 204. Cairn Homes shares last traded at GBX 195.80, with a volume of 567,224 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Cairn Homes from GBX 200 to GBX 245 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 245.

Check Out Our Latest Analysis on CRN

Cairn Homes Stock Up 1.5%

The firm has a market capitalization of £1.28 billion, a PE ratio of 13.15 and a beta of 1.12. The company has a debt-to-equity ratio of 46.83, a current ratio of 7.09 and a quick ratio of 0.22. The company has a 50-day moving average price of GBX 189.54 and a 200 day moving average price of GBX 180.09.

Cairn Homes Company Profile

(Get Free Report)

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.

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