Carillion plc Receives Buy Rating from Berenberg Bank (CLLN)
Carillion plc (LON:CLLN)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued on Wednesday. They currently have a GBX 380 ($6.29) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 10.66% from the company’s current price.
Carillion plc (LON:CLLN) opened at 344.80 on Wednesday. Carillion plc has a 52 week low of GBX 283.00 and a 52 week high of GBX 395.00. The stock’s 50-day moving average is GBX 334.4 and its 200-day moving average is GBX 351.4. The company’s market cap is £1.483 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, November 5th. Investors of record on Wednesday, September 3rd will be paid a dividend of GBX 5.60 ($0.09) per share. This represents a dividend yield of 1.62%. The ex-dividend date is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd initiated coverage on shares of Carillion plc in a research note on Thursday, August 21st. They set a “buy” rating and a GBX 402 ($6.65) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Carillion plc in a research note on Wednesday, August 20th. They now have a GBX 300 ($4.96) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Carillion plc in a research note on Monday, August 18th. They now have a GBX 315 ($5.21) price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 371.82 ($6.15).
Carillion plc is an integrated support services company, with a portfolio of public private partnership projects and construction capabilities.
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