J P Morgan Chase & Co Downgrades Carillion plc (CLLN) to Neutral
Carillion plc (LON:CLLN) was downgraded by equities research analysts at J P Morgan Chase & Co to a “neutral” rating in a report issued on Thursday. They presently have a GBX 64 ($0.83) price objective on the stock, down from their prior price objective of GBX 292 ($3.78). J P Morgan Chase & Co’s price target points to a potential upside of 11.89% from the company’s previous close.
CLLN has been the topic of a number of other reports. Liberum Capital reissued an “under review” rating on shares of Carillion plc in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and issued a GBX 260 ($3.37) target price on shares of Carillion plc in a research note on Tuesday. Stifel Nicolaus cut Carillion plc to a “hold” rating and cut their target price for the stock from GBX 290 ($3.76) to GBX 114 ($1.48) in a research note on Tuesday. Beaufort Securities cut Carillion plc to a “hold” rating in a research note on Tuesday. Finally, Peel Hunt reissued a “reduce” rating and issued a GBX 200 ($2.59) target price on shares of Carillion plc in a research note on Monday. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Carillion plc currently has a consensus rating of “Hold” and an average target price of GBX 168.60 ($2.18).
Shares of Carillion plc (LON:CLLN) opened at 62.35 on Thursday. Carillion plc has a 52-week low of GBX 51.25 and a 52-week high of GBX 301.40. The firm has a 50-day moving average of GBX 199.30 and a 200 day moving average of GBX 218.02. The firm’s market cap is GBX 268.23 million.
In other news, insider Richard Howson bought 8,719 shares of the stock in a transaction on Friday, June 9th. The shares were bought at an average price of GBX 197 ($2.55) per share, with a total value of £17,176.43 ($22,249.26).
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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