Jefferies Group LLC Lowers Carillion plc (CLLN) Price Target to GBX 45
Carillion plc (LON:CLLN) had its price objective lowered by analysts at Jefferies Group LLC from GBX 80 ($1.06) to GBX 45 ($0.60) in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s target price would indicate a potential downside of 5.26% from the company’s previous close.
CLLN has been the subject of several other reports. Stifel Nicolaus downgraded shares of Carillion plc to a “hold” rating and cut their price target for the company from GBX 290 ($3.85) to GBX 114 ($1.51) in a report on Tuesday, July 11th. Liberum Capital reissued an “under review” rating on shares of Carillion plc in a report on Tuesday, July 18th. Morgan Stanley reissued an “equal weight” rating and issued a GBX 260 ($3.45) price target on shares of Carillion plc in a report on Tuesday, July 11th. Peel Hunt cut their price target on shares of Carillion plc from GBX 100 ($1.33) to GBX 50 ($0.66) and set a “reduce” rating for the company in a report on Friday, September 29th. Finally, UBS AG cut their price target on shares of Carillion plc from GBX 185 ($2.45) to GBX 78 ($1.03) and set a “sell” rating for the company in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 126 ($1.67).
Carillion plc (LON CLLN) opened at 47.00 on Tuesday. The firm has a 50-day moving average price of GBX 47.04 and a 200 day moving average price of GBX 139.37. The firm’s market capitalization is GBX 202.19 million. Carillion plc has a 12 month low of GBX 40.15 and a 12 month high of GBX 265.00.
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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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