Carpetright plc (CPR) Given Average Recommendation of “Hold” by Brokerages
Shares of Carpetright plc (LON:CPR) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 156.80 ($2.09).
A number of analysts have recently weighed in on CPR shares. Shore Capital reiterated a “hold” rating on shares of Carpetright in a report on Tuesday. Deutsche Bank dropped their target price on shares of Carpetright from GBX 95 ($1.26) to GBX 65 ($0.87) and set a “hold” rating for the company in a report on Friday, March 2nd. Finally, Peel Hunt dropped their target price on shares of Carpetright from GBX 100 ($1.33) to GBX 70 ($0.93) and set a “hold” rating for the company in a report on Thursday, March 1st.
Shares of Carpetright traded down GBX 0.70 ($0.01), reaching GBX 31.70 ($0.42), during trading on Thursday, Marketbeat.com reports. 371,516 shares of the stock were exchanged, compared to its average volume of 127,670. Carpetright has a 1 year low of GBX 52 ($0.69) and a 1 year high of GBX 253.75 ($3.38).
Carpetright plc engages in the retail sale of floor coverings and beds. The company also sells its products through online. It operates 564 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.
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