Cairn Homes (LON:CRN) Hits New 12-Month High – Still a Buy?

Cairn Homes plc (LON:CRN) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 172.30 ($2.25) and last traded at GBX 169.20 ($2.21), with a volume of 1396116 shares trading hands. The stock had previously closed at GBX 169.60 ($2.22).

Wall Street Analyst Weigh In

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

Cairn Homes Trading Up 2.1 %

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 firm has a market capitalization of £1.09 billion, a PE ratio of 1,208.57 and a beta of 1.12. The firm’s fifty day moving average is GBX 159.28 and its two-hundred day moving average is GBX 148.89.

Cairn Homes Increases Dividend

The firm also recently announced 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 represents a dividend yield of 1.95%. The ex-dividend date was Thursday, September 12th. This is an increase from Cairn Homes’s previous dividend of $0.03. Cairn Homes’s 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.