Carclo plc (CAR) Cut to “Hold” at FinnCap
Carclo plc (LON:CAR) was downgraded by FinnCap to a “hold” rating in a note issued to investors on Thursday. They presently have a GBX 165 ($2.13) price target on the stock. FinnCap’s price objective would suggest a potential upside of 18.28% from the company’s previous close.
Separately, Peel Hunt lifted their price target on shares of Carclo plc from GBX 190 ($2.45) to GBX 200 ($2.58) and gave the stock a “buy” rating in a research note on Tuesday, June 6th.
Shares of Carclo plc (CAR) traded down 2.11% during trading on Thursday, hitting GBX 139.50. 18,901 shares of the company were exchanged. The company’s 50-day moving average price is GBX 164.92 and its 200 day moving average price is GBX 150.53. Carclo plc has a 12 month low of GBX 106.75 and a 12 month high of GBX 180.00. The stock’s market cap is GBX 102.23 million.
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In related news, insider Chris Malley sold 88,200 shares of Carclo plc stock in a transaction on Monday, July 10th. The shares were sold at an average price of GBX 157 ($2.03), for a total transaction of £138,474 ($178,837.66).
About Carclo plc
Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology.
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