Cairn Homes (LON:CRN) Sets New 12-Month High – Here’s What Happened

Cairn Homes plc (LON:CRN)’s stock price reached a new 52-week high 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 traded. The stock had previously closed at GBX 181.40 ($2.36).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 Stock Performance

The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22. The stock has a market cap of £1.15 billion, a PE ratio of 1,316.83 and a beta of 1.12. The business has a 50 day moving average price of GBX 166.80 and a two-hundred day moving average price of GBX 154.29.

Cairn Homes Increases Dividend

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