Cairn Homes (LON:CRN) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Cairn Homes plc (LON:CRN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 193.04 and traded as high as GBX 204.50. Cairn Homes shares last traded at GBX 204.50, with a volume of 278,639 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Cairn Homes from GBX 200 to GBX 245 and gave the company a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 245.

Cairn Homes Trading Down 1.0%

The company has a market capitalization of £1.25 billion, a P/E ratio of 9.60 and a beta of 0.75. 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 firm has a fifty day moving average price of GBX 193.04 and a 200-day moving average price of GBX 185.60.

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.