Peel Hunt Lowers Carillion plc (CLLN) Price Target to GBX 50
Carillion plc (LON:CLLN) had its price objective lowered by investment analysts at Peel Hunt from GBX 100 ($1.34) to GBX 50 ($0.67) in a report issued on Friday. The brokerage currently has a “reduce” rating on the stock. Peel Hunt’s target price points to a potential downside of 2.44% from the stock’s current price.
A number of other analysts have also issued reports on the company. Liberum Capital reiterated an “under review” rating on shares of Carillion plc in a research note on Tuesday, July 18th. J P Morgan Chase & Co lowered Carillion plc to a “neutral” rating and decreased their price objective for the company from GBX 292 ($3.93) to GBX 64 ($0.86) in a research note on Thursday, July 13th. Royal Bank Of Canada decreased their price objective on Carillion plc from GBX 230 ($3.09) to GBX 100 ($1.34) and set a “sector performer” rating on the stock in a research note on Wednesday, July 12th. UBS AG decreased their price objective on Carillion plc from GBX 185 ($2.49) to GBX 78 ($1.05) and set a “sell” rating on the stock in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus lowered Carillion plc to a “hold” rating and decreased their price objective for the company from GBX 290 ($3.90) to GBX 114 ($1.53) in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 153.60 ($2.07).
Shares of Carillion plc (LON:CLLN) opened at 51.25 on Friday. Carillion plc has a 1-year low of GBX 40.15 and a 1-year high of GBX 265.00. The firm’s market capitalization is GBX 220.48 million. The company has a 50-day moving average price of GBX 49.24 and a 200 day moving average price of GBX 152.96.
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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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