Carillion plc (CLLN) Earns “Buy” Rating from Beaufort Securities
Carillion plc (LON:CLLN)‘s stock had its “buy” rating restated by equities researchers at Beaufort Securities in a note issued to investors on Wednesday.
A number of other equities analysts have also recently issued reports on CLLN. Liberum Capital reaffirmed a “hold” rating and issued a GBX 240 ($3.13) price objective on shares of Carillion plc in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of Carillion plc from GBX 309 ($4.03) to GBX 225 ($2.94) and set a “neutral” rating on the stock in a research note on Friday, July 8th. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($3.92) price objective on shares of Carillion plc in a research note on Wednesday, August 24th. Finally, Jefferies Group reduced their price objective on shares of Carillion plc from GBX 370 ($4.83) to GBX 360 ($4.70) and set a “buy” rating on the stock in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 304.67 ($3.98).
Carillion plc (LON:CLLN) traded down 0.51% during trading on Wednesday, hitting GBX 251.20. 1,602,350 shares of the stock were exchanged. The stock has a 50 day moving average price of GBX 263.89 and a 200-day moving average price of GBX 270.52. Carillion plc has a 12-month low of GBX 195.90 and a 12-month high of GBX 327.70. The firm’s market capitalization is GBX 1.08 billion.
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The business also recently disclosed a dividend, which will be paid on Wednesday, November 2nd. Investors of record on Thursday, September 1st will be given a GBX 5.80 ($0.08) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 1.96%.
About Carillion plc
Carillion plc is an integrated support services company. The Company has a portfolio of Public Private Partnership projects and construction capabilities. It operates through four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services.
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