Royal Bank Of Canada Lowers Carillion plc (CLLN) Price Target to GBX 250
Carillion plc (LON:CLLN) had its price target cut by research analysts at Royal Bank Of Canada from GBX 275 ($3.40) to GBX 250 ($3.09) in a report issued on Thursday. The firm presently has a ” sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 0.93% from the stock’s current price.
CLLN has been the subject of several other research reports. Liberum Capital reaffirmed a “hold” rating and issued a GBX 240 ($2.97) price target on shares of Carillion plc in a report on Wednesday, July 6th. JPMorgan Chase & Co. cut their price target on Carillion plc from GBX 309 ($3.82) to GBX 225 ($2.78) and set a “neutral” rating for the company in a report on Friday, July 8th. Peel Hunt reaffirmed an “add” rating and issued a GBX 300 ($3.71) price target on shares of Carillion plc in a report on Wednesday, August 24th. Jefferies Group cut their price target on Carillion plc from GBX 370 ($4.58) to GBX 360 ($4.46) and set a “buy” rating for the company in a report on Thursday, August 25th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Carillion plc in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Carillion plc currently has an average rating of “Hold” and a consensus price target of GBX 302.13 ($3.74).
Shares of Carillion plc (LON:CLLN) traded down 2.30% on Thursday, reaching GBX 242.00. The company’s stock had a trading volume of 1,361,082 shares. The stock has a 50-day moving average of GBX 261.10 and a 200 day moving average of GBX 269.26. Carillion plc has a 52 week low of GBX 195.90 and a 52 week high of GBX 322.36. The stock’s market capitalization is GBX 1.04 billion.
The company also recently disclosed a dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Thursday, September 1st will be given a GBX 5.80 ($0.07) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 1.96%.
About Carillion plc
Carillion plc is an integrated support services company. The Company has a portfolio of Public Private Partnership projects and construction capabilities. It operates through four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services.
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