Cairn Homes (LON:CRN) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Cairn Homes plc (LON:CRN)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 195.44 and traded as high as GBX 197.60. Cairn Homes shares last traded at GBX 194, with a volume of 1,182,968 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 245.

Cairn Homes Trading Down 0.3%

The stock has a 50-day simple moving average of GBX 195.44 and a two-hundred day simple moving average of GBX 189.72. The company has a debt-to-equity ratio of 27.72, a quick ratio of 0.22 and a current ratio of 5.12. The firm has a market cap of £1.20 billion, a PE ratio of 9.17 and a beta of 0.75.

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.