Liberum Capital Lowers Carillion plc (CLLN) Price Target to GBX 180
Carillion plc (LON:CLLN) had its target price lowered by equities research analysts at Liberum Capital from GBX 200 ($2.54) to GBX 180 ($2.29) in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Liberum Capital’s price target indicates a potential downside of 9.55% from the company’s current price.
A number of other research firms also recently weighed in on CLLN. Peel Hunt restated a “reduce” rating and issued a GBX 200 ($2.54) target price on shares of Carillion plc in a research report on Tuesday, March 14th. Jefferies Group LLC downgraded Carillion plc to a “hold” rating and cut their target price for the stock from GBX 360 ($4.58) to GBX 230 ($2.93) in a research report on Tuesday, March 28th. JPMorgan Chase & Co. upgraded Carillion plc to an “overweight” rating and upped their target price for the stock from GBX 231 ($2.94) to GBX 292 ($3.71) in a research report on Tuesday, April 25th. Finally, Canaccord Genuity restated a “sell” rating and issued a GBX 200 ($2.54) target price on shares of Carillion plc in a research report on Thursday, March 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 230.29 ($2.93).
Carillion plc (LON CLLN) traded down 1.26% during trading on Monday, reaching GBX 195.60. The company had a trading volume of 1,014,795 shares. The company has a 50-day moving average of GBX 204.45 and a 200-day moving average of GBX 220.39. The firm’s market capitalization is GBX 841.46 million. Carillion plc has a 52-week low of GBX 190.20 and a 52-week high of GBX 301.40.
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In related news, insider Richard Howson purchased 8,719 shares of the company’s stock in a transaction on Friday, June 9th. The shares were bought at an average price of GBX 197 ($2.51) per share, with a total value of £17,176.43 ($21,847.41).
About Carillion plc
Carillion plc is an integrated support services company. The Company operates through four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services (excluding the Middle East). The Support Services segment includes its facilities management, facilities services, energy services, rail services, road maintenance services, utilities services, remote site accommodation services and consultancy businesses in the United Kingdom, Canada and the Middle East.
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