Cairn Homes (LON:CRN) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Cairn Homes passed above its 50-day moving average (50-day MA GBX 193.38), trading as high as GBX 208.50 on Wednesday with a volume of 502,423 shares.
• Deutsche Bank upgraded the stock, raising its price target from GBX 200 to GBX 245 and issuing a Buy rating; MarketBeat shows a consensus Buy with an average target of GBX 245.
• The company has a market cap of £1.26 billion and a P/E of 9.67, with a debt-to-equity ratio of 27.72; liquidity metrics show a high current ratio (5.12) but a low quick ratio (0.22).

Cairn Homes plc (LON:CRN - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 193.38 and traded as high as GBX 208.50. Cairn Homes shares last traded at GBX 208.50, with a volume of 502,423 shares traded.

Wall Street Analysts Forecast Growth

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

Cairn Homes Trading Down 2.2%

The business has a 50 day simple moving average of GBX 193.38 and a two-hundred day simple moving average of GBX 184.15. 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 has a market cap of £1.26 billion, a price-to-earnings ratio of 9.67 and a beta of 0.75.

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.

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