Carillion plc (LON:CLLN) Stock Rating Lowered by Beaufort Securities
Carillion plc (LON:CLLN) was downgraded by Beaufort Securities to a “hold” rating in a research report issued on Tuesday, July 11th.
Several other equities research analysts also recently weighed in on the stock. J P Morgan Chase & Co raised shares of Carillion plc to an “overweight” rating and increased their target price for the company from GBX 231 ($3.05) to GBX 292 ($3.85) in a research note on Tuesday, April 25th. Peel Hunt reissued a “reduce” rating and issued a GBX 200 ($2.64) target price on shares of Carillion plc in a research note on Monday, July 10th. Liberum Capital reduced their target price on shares of Carillion plc from GBX 200 ($2.64) to GBX 180 ($2.37) and set a “hold” rating on the stock in a research note on Monday, June 26th. Finally, Jefferies Group LLC downgraded shares of Carillion plc to a “hold” rating and reduced their price target for the stock from GBX 360 ($4.75) to GBX 230 ($3.03) in a research note on Tuesday, March 28th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 168.60 ($2.22).
Shares of Carillion plc (LON:CLLN) traded down 1.48% during mid-day trading on Tuesday, hitting GBX 56.55. 3,173,234 shares of the company traded hands. The stock’s market capitalization is GBX 243.28 million. Carillion plc has a 1-year low of GBX 49.51 and a 1-year high of GBX 301.40. The firm’s 50 day moving average price is GBX 130.50 and its 200-day moving average price is GBX 194.08.
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In other Carillion plc news, insider Richard Howson bought 8,719 shares of the business’s stock in a transaction on Friday, June 9th. The shares were acquired at an average price of GBX 197 ($2.60) per share, with a total value of £17,176.43 ($22,657.21).
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.
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