Carillion plc (CLLN) Price Target Cut to GBX 250
Carillion plc (LON:CLLN) had its price target lowered by research analysts at Royal Bank Of Canada from GBX 275 ($3.40) to GBX 250 ($3.09) in a note issued to investors on Thursday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 0.52% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Liberum Capital reissued a “hold” rating and set 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 shares of 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 reissued an “add” rating and set 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 shares of 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 reissued a “buy” rating on shares of Carillion plc in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Carillion plc currently has a consensus rating of “Hold” and a consensus price target of GBX 302.13 ($3.74).
Shares of Carillion plc (LON:CLLN) opened at 247.50 on Thursday. The company’s 50-day moving average is GBX 258.31 and its 200-day moving average is GBX 268.92. Carillion plc has a one year low of GBX 195.90 and a one year high of GBX 322.36. The company’s market capitalization is GBX 1.06 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Thursday, September 1st will be given a dividend of GBX 5.80 ($0.07) per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, September 1st.
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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