Cairn Homes (LON:CRN) Hits New 52-Week High - Here's Why

Cairn Homes plc (LON:CRN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 185.40 ($2.41) and last traded at GBX 183.80 ($2.39), with a volume of 1208 shares changing hands. The stock had previously closed at GBX 181.40 ($2.36).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 175 ($2.28) price target on shares of Cairn Homes in a research report on Thursday, September 5th.

Cairn Homes Price Performance

The firm has a market cap of £1.16 billion, a price-to-earnings ratio of 1,312.86 and a beta of 1.12. The company has a quick ratio of 0.22, a current ratio of 9.29 and a debt-to-equity ratio of 39.97. The company's 50-day moving average price is GBX 166.80 and its 200-day moving average price is GBX 154.29.

Cairn Homes Increases Dividend

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

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.