Cairn Homes (LON:CRN) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Cairn Homes plc (LON:CRN) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 upped their target price on Cairn Homes from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 200.

Cairn Homes Price Performance

The stock’s fifty day moving average price is GBX 172.23 and its 200-day moving average price is GBX 179.28. The firm has a market cap of £1.03 billion, a PE ratio of 10.59 and a beta of 1.12. The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22.

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.