Carpetright’s (CPR) “Buy” Rating Reiterated at Peel Hunt
Carpetright (LON:CPR)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 250 ($3.36) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 38.89% from the company’s previous close.
Several other analysts have also issued reports on the company. Goldman Sachs Group reissued a “neutral” rating on shares of Carpetright in a report on Monday, November 13th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 149 ($2.01) price objective on shares of Carpetright in a research note on Tuesday, October 24th. Shore Capital reaffirmed a “hold” rating on shares of Carpetright in a research note on Tuesday, October 24th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 280 ($3.77) price objective on shares of Carpetright in a research note on Friday, September 8th. Finally, Berenberg Bank reduced their price objective on Carpetright from GBX 230 ($3.10) to GBX 200 ($2.69) and set a “hold” rating on the stock in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 233.17 ($3.14).
Carpetright (CPR) remained flat at $GBX 180 ($2.42) on Tuesday. The company’s stock had a trading volume of 4,646 shares, compared to its average volume of 33,291. Carpetright has a 12 month low of GBX 149 ($2.01) and a 12 month high of GBX 259 ($3.49).
Carpetright plc is engaged in providing floor coverings and beds. The Company operates through two segments: UK and Rest of Europe (comprising Belgium, the Netherlands and Republic of Ireland). The Company trades from approximately 440 stores and concessions in the United Kingdom, as well as over 140 stores across Holland, Belgium and the Republic of Ireland.
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