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

Shares of Cairn Homes plc (LON:CRN) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 172.70 and traded as low as GBX 167.40. Cairn Homes shares last traded at GBX 168.20, with a volume of 1,771,686 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cairn Homes from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 200.

Cairn Homes Stock Performance

The company has a 50-day moving average of GBX 172.70 and a 200-day moving average of GBX 179.11. The firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 10.62 and a beta of 1.12. The company has a current ratio of 9.29, a quick ratio of 0.22 and a debt-to-equity ratio of 39.97.

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.