Carr's Group PLC (CARR) Given Consensus Rating of “Buy” by Brokerages
Carr's Group PLC (LON:CARR) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 181.40 ($2.43).
A number of equities analysts recently issued reports on the company. restated a “buy” rating and issued a GBX 195 ($2.61) target price on shares of Carr's Group in a research note on Monday, November 13th. Investec restated a “buy” rating and issued a GBX 195 ($2.61) target price on shares of Carr's Group in a research note on Monday, November 13th. restated a “buy” rating and issued a GBX 195 ($2.61) target price on shares of Carr's Group in a research note on Monday, November 13th. Finally, Shore Capital upgraded Carr's Group to a “buy” rating in a research note on Monday, November 13th.
Shares of Carr's Group (LON CARR) opened at GBX 125.98 ($1.68) on Thursday. Carr's Group has a twelve month low of GBX 106.50 ($1.42) and a twelve month high of GBX 156.50 ($2.09). The company has a market capitalization of $114.23 and a price-to-earnings ratio of 1,574.75.
The business also recently declared a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 14th will be given a dividend of GBX 2.10 ($0.03) per share. This is an increase from Carr's Group’s previous dividend of $0.95. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, December 14th.
In related news, insider Neil Austin purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were bought at an average cost of GBX 127 ($1.70) per share, with a total value of £12,700 ($16,980.88).
Carr's Group Company Profile
Carr’s Group plc is engaged in the agriculture and engineering activities. The Company’s segments are Agriculture and Engineering. The Agriculture segment includes the sale of animal feed and feed blocks together with retail sales of farm equipment, fuels and farm consumables. The Engineering segment includes the design and manufacture of bespoke equipment for use in nuclear, oil and gas, and petrochemical industries.
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