0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

An Update on One Homebuilding Stock - CRN

May 28, 2024 | Team Kalkine
An Update on One Homebuilding Stock - CRN

CRN:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Cairn Homes PLC (LSE: CRN)

Cairn Homes PLC (LSE: CRN) is an LSE-listed Ireland-based homebuilder company, which is engaged in constructing new homes with an emphasis on design and customer service. The Company is focused on building and property development.

As per the previous ‘Earnings Hunter’ Report published on CRN on 23rd April 2024, Kalkine provided an ‘Attractive’ stance on the stock at GBX 135.60 based on the ‘Earnings Hunter Score’, and the stock price has moved by 11.50% since then and the price crossed the Resistance 1 level.

Noted below are the details of support and resistance levels provided in the previous report:

CRN Daily Chart

Considering the current trading levels and uncertain macro environment, the stock seems ‘Unattractive’ at the current market price of GBX 151.20 (as of 28 May 2024, 08:05 AM GMT+1). 

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

Cairn Homes PLC (LSE: CRN) is a part of Kalkine’s Earnings Hunter Report

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 28 May 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 5: Dividend Yield may vary as per the stock price movement.


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