Cairn Homes (LON:CRN) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of Cairn Homes plc (LON:CRN) 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.

Analyst Ratings Changes

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

Cairn Homes Stock Up 0.4%

The company has a quick ratio of 0.22, a current ratio of 5.12 and a debt-to-equity ratio of 27.72. The company’s fifty day moving average is GBX 192.53 and its 200-day moving average is GBX 186.74. The company has a market cap of £1.23 billion, a PE ratio of 9.40 and a beta of 0.75.

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.