Cairn Homes (LON:CRN) Sets New 1-Year High – Here’s What Happened

Cairn Homes plc (LON:CRN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Cairn Homes from GBX 200 to GBX 245 and gave the company 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.com, the company has an average rating of “Buy” and an average target price of GBX 245.

Cairn Homes Stock Up 2.9%

The company has a market capitalization of £1.30 billion, a price-to-earnings ratio of 9.93 and a beta of 0.75. The business’s 50-day moving average is GBX 197.30 and its 200-day moving average is GBX 191.16. The company has a quick ratio of 0.22, a current ratio of 5.12 and a debt-to-equity ratio of 27.72.

About Cairn Homes

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.