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

Cairn Homes plc (LON:CRN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 189 ($2.43) and last traded at GBX 186.20 ($2.40), with a volume of 8512296 shares changing hands. The stock had previously closed at GBX 186.80 ($2.40).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 175 ($2.25) price target on shares of Cairn Homes in a research note on Thursday, September 5th.

Cairn Homes Trading Up 0.6 %

The stock has a market capitalization of £1.13 billion, a P/E ratio of 1,280.00 and a beta of 1.12. The business has a 50 day simple moving average of GBX 169.27 and a 200-day simple moving average of GBX 156.23. The company has a debt-to-equity ratio of 39.97, a quick ratio of 0.22 and a current ratio of 9.29.

Cairn Homes Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 12th were paid a dividend of €0.04 ($0.04) per share. 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 dividend payout ratio (DPR) 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.