Cairn Homes (LON:CRN) Hits New 1-Year High – Time to Buy?

Shares of Cairn Homes plc (LON:CRN) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 217.50 and last traded at GBX 212.50, with a volume of 234545 shares traded. The stock had previously closed at GBX 215.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cairn Homes presently has an average rating of “Buy” and an average price target of GBX 245.

Cairn Homes Price Performance

The company has a 50-day moving average of GBX 198.86 and a two-hundred day moving average of GBX 192.23. The company has a debt-to-equity ratio of 27.72, a current ratio of 5.12 and a quick ratio of 0.22. The stock has a market capitalization of £1.32 billion, a PE ratio of 10.07 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.