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

Cairn Homes plc (LON:CRN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 251 and last traded at GBX 239.50, with a volume of 417819 shares changing hands. The stock had previously closed at GBX 249.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 245 price target on shares of Cairn Homes in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Cairn Homes currently has an average rating of “Buy” and a consensus target price of GBX 245.

Cairn Homes Trading Up 1.3%

The business has a fifty day moving average of GBX 217.99 and a 200-day moving average of GBX 204.57. The company has a debt-to-equity ratio of 28.91, a quick ratio of 0.22 and a current ratio of 5.01. The company has a market capitalization of £1.50 billion, a P/E ratio of 9.43 and a beta of 0.74.

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.