Carpetright PLC’s Sell Rating Reaffirmed at Cantor Fitzgerald Europe (CPR)
Carpetright PLC (LON:CPR)‘s stock had its “sell” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 420 ($6.98) price objective on the stock. Cantor Fitzgerald Europe’s price objective suggests a potential downside of 29.65% from the company’s current price.
CPR has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “sell” rating on shares of Carpetright PLC in a research note on Friday, February 14th. They now have a GBX 400 ($6.65) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Carpetright PLC from GBX 565 ($9.40) to GBX 545 ($9.06) in a research note on Tuesday, January 28th. They now have a “hold” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Carpetright PLC in a research note on Tuesday, January 28th. They now have a GBX 670 ($11.14) price target on the stock. Seven investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 511.16 ($8.50).
Shares of Carpetright PLC (LON:CPR) traded down 0.50% on Tuesday, hitting GBX 597.00. The stock had a trading volume of 500 shares. Carpetright PLC has a one year low of GBX 493.00 and a one year high of GBX 703.00. The stock’s 50-day moving average is GBX 550. and its 200-day moving average is GBX 600.0. The company’s market cap is £403.6 million.
Carpetright plc is a specialist floor covering retailer, selling a range of carpets, rugs, vinyls and laminates together with associated accessories.