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

Cairn Homes plc (LON:CRNGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 192.53 and traded as high as GBX 200.50. Cairn Homes shares last traded at GBX 198.40, with a volume of 135,022 shares traded.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Cairn Homes

Cairn Homes Price Performance

The firm’s 50-day moving average is GBX 192.53 and its 200-day moving average is GBX 186.74. The company has a market capitalization of £1.23 billion, a PE ratio of 9.40 and a beta of 0.75. 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

(Get Free Report)

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.

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