Cairn Homes (LON:CRN) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Shares of Cairn Homes (LON:CRN) crossed below its fifty day moving average, trading as low as GBX 179.80 and last at GBX 180.20 versus a 50‑day MA of GBX 193.41 and near its 200‑day MA of GBX 180.57.
• Deutsche Bank raised its price target from GBX 200 to GBX 245 and gave the stock a Buy rating; the consensus price target is GBX 245 with an average analyst rating of Buy.
• Cairn Homes has a market cap of £1.12 billion and a P/E of 11.48, with a beta of 0.67 and balance‑sheet metrics including debt‑to‑equity of 27.72 and a current ratio of 5.12.

Shares of Cairn Homes plc (LON:CRN - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 193.41 and traded as low as GBX 179.80. Cairn Homes shares last traded at GBX 180.20, with a volume of 127,763 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Cairn Homes from GBX 200 to GBX 245 and gave the stock a "buy" rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 245.

Cairn Homes Trading Down 0.1%

The firm has a market cap of £1.12 billion, a P/E ratio of 11.48 and a beta of 0.67. The company has a debt-to-equity ratio of 27.72, a quick ratio of 0.22 and a current ratio of 5.12. The firm has a fifty day moving average of GBX 193.41 and a 200-day moving average of GBX 180.57.

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.

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