Cairn Homes (LON:CRN) Reaches New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective 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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 245.

Cairn Homes Stock Performance

The company has a market capitalization of £1.33 billion, a price-to-earnings ratio of 10.14 and a beta of 0.75. The company has a current ratio of 5.12, a quick ratio of 0.22 and a debt-to-equity ratio of 27.72. The stock’s fifty day simple moving average is GBX 199.67 and its 200-day simple moving average is GBX 192.79.

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.