Cairn Homes (LON:CRN) Sets New 1-Year High – Here’s Why

Cairn Homes plc (LON:CRN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 189 ($2.43) and last traded at GBX 186.20 ($2.40), with a volume of 8512296 shares trading hands. The stock had previously closed at GBX 186.80 ($2.40).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 175 ($2.25) price objective on shares of Cairn Homes in a report on Thursday, September 5th.

Cairn Homes Trading Up 0.6 %

The company’s 50-day moving average is GBX 169.27 and its 200 day moving average is GBX 156.23. The company has a current ratio of 9.29, a quick ratio of 0.22 and a debt-to-equity ratio of 39.97. The firm has a market cap of £1.13 billion, a PE ratio of 1,280.00 and a beta of 1.12.

Cairn Homes Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 12th were given a €0.04 ($0.04) dividend. This represents a dividend yield of 1.95%. The ex-dividend date was Thursday, September 12th. This is a boost from Cairn Homes’s previous dividend of $0.03. Cairn Homes’s dividend payout ratio (DPR) is 4,285.71%.

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.