Carclo plc’s (CAR) Buy Rating Reiterated at Peel Hunt
Carclo plc (LON:CAR)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Thursday. They currently have a GBX 200 ($2.58) target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 43.37% from the stock’s previous close.
Separately, FinnCap boosted their price target on Carclo plc from GBX 138 ($1.78) to GBX 165 ($2.13) and gave the stock a “buy” rating in a research report on Tuesday, June 6th.
Carclo plc (LON CAR) traded down 2.11% during trading on Thursday, hitting GBX 139.50. The stock had a trading volume of 18,901 shares. Carclo plc has a 1-year low of GBX 106.75 and a 1-year high of GBX 180.25. The firm’s 50 day moving average is GBX 164.92 and its 200 day moving average is GBX 150.53. The firm’s market cap is GBX 101.84 million.
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In other Carclo plc news, insider Chris Malley sold 88,200 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of GBX 157 ($2.03), for a total transaction of £138,474 ($178,837.66).
Carclo plc Company Profile
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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