Cairn Homes (LON:CRN) Reaches New 52-Week High – Time to Buy?

Shares of Cairn Homes plc (LON:CRN) reached a new 52-week high during mid-day 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 traded. The stock had previously closed at GBX 182.40 ($2.31).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 175 ($2.22) price objective on shares of Cairn Homes in a report on Thursday, September 5th.

Cairn Homes Price Performance

The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22. The business’s fifty day moving average price is GBX 177.58 and its 200-day moving average price is GBX 161.53. The stock has a market capitalization of £1.22 billion, a price-to-earnings ratio of 1,388.57 and a beta of 1.12.

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.