Carillion Price Target Cut to GBX 240 (CLLN)
Investment analysts at HSBC dropped their price target on shares of Carillion (LON:CLLN) from GBX 250 ($4.04) to GBX 240 ($3.88) in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. HSBC’s price target would indicate a potential downside of 23.03% from the stock’s previous close.
A number of other analysts have also recently weighed in on CLLN. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Carillion in a research note to investors on Wednesday, October 16th. They now have a GBX 315 ($5.09) price target on the stock. Separately, analysts at Seymour Pierce reiterated a “hold” rating on shares of Carillion in a research note to investors on Wednesday, October 16th. They now have a GBX 315 ($5.09) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Carillion from GBX 315 ($5.09) to GBX 370 ($5.98) in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 308.87 ($4.99).
Shares of Carillion (LON:CLLN) opened at 307.10 on Monday. Carillion has a 52-week low of GBX 240.00 and a 52-week high of GBX 334.00. The stock’s 50-day moving average is GBX 308.0 and its 200-day moving average is GBX 283.2. The company’s market cap is £1.321 billion.
Carillion plc is an integrated support services company, with a portfolio of public private partnership projects and construction capabilities.
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