Cairn Homes (LON:CRN) Sets New 52-Week High – Should You Buy?

Cairn Homes plc (LON:CRN)’s share price reached a new 52-week high during 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.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price target 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 MarketBeat, Cairn Homes has a consensus rating of “Buy” and a consensus price target of GBX 245.

Cairn Homes Trading Up 2.9%

The stock has a market cap of £1.30 billion, a PE ratio of 9.93 and a beta of 0.75. 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 company has a 50 day moving average of GBX 197.30 and a two-hundred day moving average of GBX 191.16.

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.