Carr's Milling Industries PLC Given “Positive” Rating by Edison Group Analysts (CRM)
Carr's Milling Industries PLC (LON:CRM) had their “positive” rating reaffirmed by Equities research analysts at Edison Group in a research note issued to investors on Monday, Analyst Ratings Net reports.
The analysts wrote, “Carr’s Milling Industries’ performance during H114 demonstrates the success of management’s sustained investment in product innovation and infrastructure and the development of international markets. While the mild UK winter has caused purely domestic competitors to struggle, the group was able to report a modest year-on-year improvement in profitability. We leave our estimates and valuation of 1,983p/share broadly unchanged.”
CRM has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Carr's Milling Industries PLC in a research note on Wednesday, April 9th. They now have a GBX 1,900 ($31.79) price target on the stock.
Carr's Milling Industries PLC (LON:CRM) traded up 1.90% during mid-day trading on Monday, hitting GBX 1712.0001. 9,100 shares of the company’s stock traded hands. Carr's Milling Industries PLC has a 1-year low of GBX 1033.00 and a 1-year high of GBX 1915.00. The stock’s 50-day moving average is GBX 1745. and its 200-day moving average is GBX 1713.. The company’s market cap is £152.2 million.
Carr’s Milling Industries PLC is a United Kingdom-based company. The Company, along with its subsidiaries, is engaged in agriculture trading, agriculture manufacturing, food and engineering.
To view Edison Group’s full report, visit Edison Group’s official website.
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