Cairn Homes (LON:CRN) Stock Price Up 2.3% - What's Next?

Key Points

• Cairn Homes plc saw its stock price increase by 2.3%, trading as high as GBX 168.60 and closing at GBX 167.80, despite a significant drop in trading volume.
• Deutsche Bank raised its price target for Cairn Homes from GBX 190 to GBX 200 and assigned a "buy" rating, contributing to the company's consensus "buy" rating.
• The company holds a market capitalization of £1.04 billion, with a P/E ratio of 10.69 and a current ratio of 9.29, indicating a sound financial position.

Cairn Homes plc (LON:CRN - Get Free Report)'s stock price traded up 2.3% during trading on Wednesday . The company traded as high as GBX 168.60 ($2.25) and last traded at GBX 167.80 ($2.24). 267,205 shares were traded during trading, a decline of 64% from the average session volume of 732,644 shares. The stock had previously closed at GBX 164 ($2.19).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Cairn Homes from GBX 190 to GBX 200 and gave the company a "buy" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 200.

Cairn Homes Trading Up 2.3%

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 stock's 50-day moving average is GBX 177.10 and its two-hundred day moving average is GBX 178.11. The company has a market cap of £1.04 billion, a P/E ratio of 10.69 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.

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