Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Cairn Homes (LON:CRN) Stock

Key Points

• Deutsche Bank raised its target price for Cairn Homes from GBX 200 to GBX 245 and kept a buy rating, implying roughly a 18.64% upside from the current price.
• Cairn Homes traded at GBX 206.50 (up GBX 3, +1.5%) on volume of 508,187 shares versus an average of 364,578, with 50‑day and 200‑day moving averages of GBX 188.97 and GBX 179.91 and a 12‑month range of GBX 149.20–211.
• The company has a market cap of £1.28 billion and a P/E of 13.15, with reported liquidity and leverage metrics of a current ratio of 7.09, quick ratio of 0.22 and debt‑to‑equity of 46.83.

Cairn Homes (LON:CRN - Get Free Report) had its target price lifted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 200 to GBX 245 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 18.64% from the company's current price.

Cairn Homes Stock Up 1.5%

LON CRN traded up GBX 3 on Thursday, hitting GBX 206.50. 508,187 shares of the company were exchanged, compared to its average volume of 364,578. The company has a current ratio of 7.09, a quick ratio of 0.22 and a debt-to-equity ratio of 46.83. The company has a market cap of £1.28 billion, a PE ratio of 13.15 and a beta of 1.12. The stock has a fifty day moving average of GBX 188.97 and a 200-day moving average of GBX 179.91. Cairn Homes has a 12 month low of GBX 149.20 and a 12 month high of GBX 211.

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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