Cairn Homes (LON:CRN) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Cairn Homes shares fell below their 50‑day moving average, trading as low as GBX 184.60 and last at GBX 189.20 versus the 50‑day MA of GBX 194.22 on volume of 187,713 shares.
• Analysts remain bullish: Deutsche Bank raised its price target from GBX 200 to GBX 245 and gave a "buy" rating, and the consensus rating is "Buy" with an average target of GBX 245.
• The stock trades near its 200‑day MA (GBX 183.49) with a market cap of £1.17 billion and a P/E of 8.94, while the balance sheet shows a debt‑to‑equity ratio of 27.72 and a low quick ratio of 0.22.

Cairn Homes plc (LON:CRN - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 194.22 and traded as low as GBX 184.60. Cairn Homes shares last traded at GBX 189.20, with a volume of 187,713 shares trading hands.

Analysts Set New Price Targets

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

Cairn Homes Price Performance

The company has a quick ratio of 0.22, a current ratio of 5.12 and a debt-to-equity ratio of 27.72. The business's 50-day simple moving average is GBX 194.22 and its 200 day simple moving average is GBX 183.49. The firm has a market capitalization of £1.17 billion, a P/E ratio of 8.94 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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