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

Cairn Homes logo with Consumer Cyclical background

Cairn Homes plc (LON:CRN - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 179.48 ($2.24) and traded as high as GBX 193 ($2.41). Cairn Homes shares last traded at GBX 190.40 ($2.38), with a volume of 360,454 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 175 ($2.19) price objective on shares of Cairn Homes in a research note on Thursday, September 5th.

Check Out Our Latest Research Report on CRN

Cairn Homes Stock Down 0.1 %

The firm has a market cap of £1.19 billion, a P/E ratio of 1,358.57 and a beta of 1.12. 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 business has a 50-day moving average price of GBX 179.90 and a 200-day moving average price of GBX 163.15.

Cairn Homes Company Profile

(Get Free Report)

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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