Peel Hunt Reiterates “Reduce” Rating for Carillion plc (CLLN)
Carillion plc (LON:CLLN)‘s stock had its “reduce” rating restated by equities researchers at Peel Hunt in a report issued on Friday. They presently have a GBX 40 ($0.53) target price on the stock. Peel Hunt’s price objective would indicate a potential downside of 10.11% from the stock’s previous close.
CLLN has been the subject of several other research reports. Liberum Capital restated an “under review” rating on shares of Carillion plc in a research report on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 260 ($3.42) price objective on shares of Carillion plc in a report on Tuesday, July 11th. Beaufort Securities downgraded shares of Carillion plc to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus downgraded shares of Carillion plc to a “hold” rating and cut their price objective for the company from GBX 290 ($3.81) to GBX 114 ($1.50) in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 64 ($0.84) price objective on shares of Carillion plc in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 126 ($1.66).
Carillion plc (LON CLLN) opened at 44.50 on Friday. The stock’s 50 day moving average price is GBX 46.18 and its 200-day moving average price is GBX 130.74. Carillion plc has a 12 month low of GBX 40.15 and a 12 month high of GBX 265.00. The stock’s market cap is GBX 191.44 million.
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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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