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

Cairn Homes plc (LON:CRN)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 193.19 and traded as high as GBX 205.50. Cairn Homes shares last traded at GBX 200.50, with a volume of 257,675 shares changing hands.

Analyst Upgrades and Downgrades

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

Cairn Homes Price Performance

The firm has a fifty day moving average of GBX 193.85 and a 200 day moving average of GBX 188.66. The company has a market capitalization of £1.28 billion, a P/E ratio of 9.81 and a beta of 0.75. The company has a current ratio of 5.12, a quick ratio of 0.22 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.