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Research analysts at Cantor Fitzgerald Europe boosted their target price on shares of United Carpets (LON:UCG) from GBX 10 ($0.17) to GBX 12 ($0.21) in a report released on Thursday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald Europe‘s price target points to a potential upside of 37.93% from the stock’s previous close.

United Carpets (LON:UCG) traded down 7.57% during mid-day trading on Thursday, hitting GBX 8.55. The stock had a trading volume of 816,602 shares. United Carpets has a 1-year low of GBX 1.833 and a 1-year high of GBX 10.50. The stock has a 50-day moving average of GBX 9.48 and a 200-day moving average of GBX 8.27.

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.

To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.

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