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Analysts at Cantor Fitzgerald Europe boosted their target price on shares of United Carpets (LON:UCG) from GBX 5 ($0.08) to GBX 10 ($0.17) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald Europe’s price target would indicate a potential upside of 7.24% from the stock’s previous close.

United Carpets (LON:UCG) traded down 4.95% during mid-day trading on Tuesday, hitting GBX 9.03. 237,195 shares of the company’s stock traded hands. United Carpets has a 52 week low of GBX 1.30 and a 52 week high of GBX 2.45. The stock’s 50-day moving average is GBX 6.67 and its 200-day moving average is GBX 4.11.

United Carpets Group plc is engaged in carpet and bed retailing and franchising of retail outlets. As of March 31, 2010, the Company had 82 United Carpets branded stores across its areas of operation in Northern and Central England.

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