Cairn Homes (LON:CRN) Hits New 1-Year High – Here’s Why

Cairn Homes plc (LON:CRN)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 178 ($2.32) and last traded at GBX 175.40 ($2.29), with a volume of 207800 shares changing hands. The stock had previously closed at GBX 175.60 ($2.29).

Wall Street Analyst Weigh In

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

Cairn Homes Trading Down 0.1 %

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 firm has a 50 day moving average price of GBX 161.51 and a 200 day moving average price of GBX 150.68. The stock has a market capitalization of £1.10 billion, a PE ratio of 1,252.86 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. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Cairn Homes’s previous dividend of $0.03. This represents a yield of 1.95%. Cairn Homes’s dividend payout ratio (DPR) is 4,285.71%.

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.