Carillion plc (LON:CLLN) Price Target Cut to GBX 100 by Analysts at Royal Bank Of Canada
Carillion plc (LON:CLLN) had its target price lowered by Royal Bank Of Canada from GBX 230 ($3.00) to GBX 100 ($1.31) in a report released on Wednesday morning. Royal Bank Of Canada currently has a sector performer rating on the stock.
A number of other research analysts have also recently weighed in on CLLN. Peel Hunt restated a reduce rating and issued a GBX 200 ($2.61) price objective on shares of Carillion plc in a report on Tuesday, March 14th. Jefferies Group LLC cut shares of Carillion plc to a hold rating and dropped their price objective for the company from GBX 360 ($4.70) to GBX 230 ($3.00) in a report on Tuesday, March 28th. Liberum Capital restated a hold rating and issued a GBX 200 ($2.61) price objective on shares of Carillion plc in a report on Wednesday, March 29th. J P Morgan Chase & Co upgraded shares of Carillion plc to an overweight rating and lifted their price objective for the company from GBX 231 ($3.02) to GBX 292 ($3.81) in a report on Tuesday, April 25th. Finally, Beaufort Securities cut shares of Carillion plc to a hold rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 168.60 ($2.20).
Carillion plc (LON CLLN) opened at 74.10 on Wednesday. Carillion plc has a 1-year low of GBX 49.51 and a 1-year high of GBX 301.40. The stock’s 50 day moving average is GBX 199.30 and its 200-day moving average is GBX 218.02. The company’s market capitalization is GBX 318.78 million.
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In other news, insider Richard Howson purchased 8,719 shares of the stock in a transaction on Friday, June 9th. The stock was bought at an average price of GBX 197 ($2.57) per share, for a total transaction of £17,176.43 ($22,429.39).
About Carillion plc
Carillion plc is an integrated support services company. The Company operates through four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services (excluding the Middle East). The Support Services segment includes its facilities management, facilities services, energy services, rail services, road maintenance services, utilities services, remote site accommodation services and consultancy businesses in the United Kingdom, Canada and the Middle East.
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