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

Cairn Homes plc (LON:CRN) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 189.20 ($2.40) and last traded at GBX 189.20 ($2.40), with a volume of 1388903 shares. The stock had previously closed at GBX 182.40 ($2.31).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 175 ($2.22) target price on shares of Cairn Homes in a research note on Thursday, September 5th.

Cairn Homes Trading Up 0.2 %

The firm has a fifty day moving average of GBX 177.58 and a two-hundred day moving average of GBX 161.53. The company has a market cap of £1.22 billion, a PE ratio of 1,388.57 and a beta of 1.12. The company has a current ratio of 9.29, a quick ratio of 0.22 and a debt-to-equity ratio of 39.97.

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.