Cairn Homes (LON:CRN) Shares Pass Below Fifty Day Moving Average of $158.20

Cairn Homes plc (LON:CRN) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 158.20 ($2.12) and traded as low as GBX 157.20 ($2.10). Cairn Homes shares last traded at GBX 157.20 ($2.10), with a volume of 245,126 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 175 ($2.34) price objective on shares of Cairn Homes in a research note on Thursday, September 5th.

Cairn Homes Stock Performance

The company has a market cap of £998.07 million, a PE ratio of 1,122.86 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 firm’s fifty day moving average is GBX 158.20 and its 200 day moving average is GBX 146.60.

Cairn Homes Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 12th will be given a €0.04 ($0.04) dividend. The ex-dividend date of this dividend is 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 is presently 4,285.71%.

Cairn Homes Company Profile

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company involved 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.