Carillion plc (CLLN) Earns “Reduce” Rating from Peel Hunt
Carillion plc (LON:CLLN)‘s stock had its “reduce” rating reaffirmed by equities researchers at Peel Hunt in a report issued on Friday. They presently have a GBX 40 ($0.53) price target on the stock. Peel Hunt’s price objective indicates a potential downside of 10.11% from the stock’s current price.
CLLN has been the subject of a number of other reports. Liberum Capital reiterated an “under review” rating on shares of Carillion plc in a report on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 260 ($3.42) price target on shares of Carillion plc in a report on Tuesday, July 11th. Beaufort Securities downgraded shares of Carillion plc to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus downgraded shares of Carillion plc to a “hold” rating and lowered their price target for the stock from GBX 290 ($3.81) to GBX 114 ($1.50) in a report on Tuesday, July 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 64 ($0.84) price target on shares of Carillion plc in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Carillion plc presently has a consensus rating of “Hold” and an average target price of GBX 126 ($1.66).
Carillion plc (LON:CLLN) traded up 1.71% during mid-day trading on Friday, hitting GBX 44.50. 4,767,474 shares of the stock traded hands. The company’s market cap is GBX 191.44 million. Carillion plc has a 12-month low of GBX 40.15 and a 12-month high of GBX 265.00. The firm’s 50-day moving average is GBX 46.30 and its 200-day moving average is GBX 131.95.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/14/carillion-plc-clln-earns-reduce-rating-from-peel-hunt.html.
Carillion plc Company Profile
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.
Receive News & Ratings for Carillion plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carillion plc and related companies with MarketBeat.com's FREE daily email newsletter.