Cairn Homes (LON:CRN) Sets New 1-Year High – Still a Buy?

Cairn Homes plc (LON:CRN)’s share price reached a new 52-week high during trading on Wednesday . The stock 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 objective on shares of Cairn Homes in a report on Thursday, September 5th.

Cairn Homes Trading Up 1.3 %

The stock has a 50-day moving average price of GBX 166.80 and a two-hundred day moving average price of GBX 154.29. The stock has a market capitalization of £1.15 billion, a PE ratio of 1,316.83 and a beta of 1.12. 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 firm also recently disclosed a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 12th were paid a €0.04 ($0.04) dividend. This is a positive change from Cairn Homes’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.95%. Cairn Homes’s dividend payout ratio 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.