Cairn Homes (LON:CRN) Stock Passes Above 50-Day Moving Average – Time to Sell?

Cairn Homes plc (LON:CRN) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 179.48 ($2.26) and traded as high as GBX 193 ($2.43). Cairn Homes shares last traded at GBX 190.40 ($2.39), with a volume of 360,454 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 175 ($2.20) price target on shares of Cairn Homes in a research report on Thursday, September 5th.

Cairn Homes Stock Down 1.1 %

The stock has a market cap of £1.18 billion, a P/E ratio of 1,344.86 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. The stock’s 50-day moving average is GBX 179.48 and its 200-day moving average is GBX 162.84.

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.