Royal Bank Of Canada Lowers Carillion plc (CLLN) Price Target to GBX 250
Carillion plc (LON:CLLN) had its price target lowered by equities research analysts at Royal Bank Of Canada from GBX 275 ($3.40) to GBX 250 ($3.09) in a note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 3.69% from the company’s previous close.
Several other brokerages also recently commented on CLLN. Beaufort Securities reissued a “buy” rating on shares of Carillion plc in a research note on Tuesday, September 6th. Liberum Capital reissued a “hold” rating and set a GBX 250 ($3.09) target price on shares of Carillion plc in a research note on Tuesday. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($3.71) price objective on shares of Carillion plc in a research note on Wednesday, August 24th. Jefferies Group lowered their price objective on Carillion plc from GBX 370 ($4.58) to GBX 360 ($4.46) and set a “buy” rating for the company in a research note on Thursday, August 25th. Finally, JPMorgan Chase & Co. downgraded Carillion plc to an “underweight” rating and upped their price objective for the company from GBX 225 ($2.78) to GBX 250 ($3.09) in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 302.13 ($3.74).
Shares of Carillion plc (LON:CLLN) traded down 2.66% during mid-day trading on Thursday, reaching GBX 241.10. 3,045,489 shares of the company’s stock traded hands. The company’s market cap is GBX 1.04 billion. Carillion plc has a 12 month low of GBX 195.90 and a 12 month high of GBX 322.36. The company has a 50 day moving average of GBX 259.61 and a 200 day moving average of GBX 269.07.
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The business also recently announced a dividend, which will be paid on Wednesday, November 2nd. Investors of record on Thursday, September 1st will be issued a GBX 5.80 ($0.07) dividend. This represents a yield of 1.96%. The ex-dividend date is Thursday, September 1st.
Carillion plc Company Profile
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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