Cairn Homes (LON:CRN) Hits New 12-Month High – Here’s Why

Cairn Homes plc (LON:CRNGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 174.40 ($2.28) and last traded at GBX 173.60 ($2.27), with a volume of 7190 shares. The stock had previously closed at GBX 171.20 ($2.24).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 175 ($2.29) price objective on shares of Cairn Homes in a report on Thursday, September 5th.

Check Out Our Latest Report on CRN

Cairn Homes Stock Up 1.4 %

The business’s 50 day simple moving average is GBX 159.88 and its 200 day simple moving average is GBX 149.61. The company has a current ratio of 9.29, a quick ratio of 0.22 and a debt-to-equity ratio of 39.97. The firm has a market capitalization of £1.09 billion, a PE ratio of 1,222.86 and a beta of 1.12.

Cairn Homes Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 12th were paid a dividend of €0.04 ($0.04) per share. This is a boost from Cairn Homes’s previous dividend of $0.03. This represents a yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 12th. Cairn Homes’s payout ratio is presently 4,285.71%.

Cairn Homes Company Profile

(Get Free Report)

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company involved 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.

Recommended Stories

Receive News & Ratings for Cairn Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cairn Homes and related companies with MarketBeat.com's FREE daily email newsletter.