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Carpetright plc (LON:CPR) was upgraded by research analysts at Deutsche Bank to a “hold” rating in a report released on Wednesday. The firm currently has a GBX 510 ($8.68) price objective on the stock, down from their previous price objective of GBX 545 ($9.28). Deutsche Bank’s price target points to a potential downside of 0.20% from the company’s current price.

Shares of Carpetright plc (LON:CPR) traded up 3.39% during mid-day trading on Wednesday, hitting GBX 511.00. 60,047 shares of the company’s stock traded hands. Carpetright plc has a 52 week low of GBX 493.00 and a 52 week high of GBX 703.00. The stock has a 50-day moving average of GBX 532.2 and a 200-day moving average of GBX 558.3. The company’s market cap is £345.4 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nplus1 Brewin downgraded shares of Carpetright plc to a “hold” rating in a research note on Friday, April 4th. They now have a GBX 640 ($10.89) price target on the stock. Analysts at N+1 Singer downgraded shares of Carpetright plc to a “hold” rating in a research note on Friday, April 4th. They now have a GBX 640 ($10.89) price target on the stock. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 499.30 ($8.50).

Carpetright plc is a specialist floor covering retailer, selling a range of carpets, rugs, vinyls and laminates together with associated accessories.

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