Cairn Homes (LON:CRN) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Cairn Homes plc (LON:CRN)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 172.70 and traded as low as GBX 167.40. Cairn Homes shares last traded at GBX 168.20, with a volume of 1,771,686 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upped their price target on shares of Cairn Homes from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Cairn Homes has a consensus rating of “Buy” and an average price target of GBX 200.

Cairn Homes Price Performance

The stock has a market cap of £1.04 billion, a PE ratio of 10.62 and a beta of 1.12. The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22. The business has a fifty day moving average of GBX 172.70 and a 200 day moving average of GBX 179.11.

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.