Cairn Homes (LON:CRN) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Cairn Homes plc (LON:CRN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 193.04 and traded as high as GBX 204.50. Cairn Homes shares last traded at GBX 204.50, with a volume of 278,639 shares.

Analysts Set New Price Targets

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

Cairn Homes Stock Performance

The company has a market capitalization of £1.25 billion, a P/E ratio of 9.57 and a beta of 0.75. The stock has a fifty day simple moving average of GBX 193.01 and a 200-day simple moving average of GBX 185.72. The company has a quick ratio of 0.22, a current ratio of 5.12 and a debt-to-equity ratio of 27.72.

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.