J P Morgan Chase & Co lowered shares of Carillion plc (LON:CLLN) to a neutral rating in a report released on Thursday, July 13th. The firm currently has GBX 64 ($0.83) target price on the stock, down from their prior target price of GBX 292 ($3.80).
Several other analysts have also recently weighed in on CLLN. UBS AG cut their price objective on Carillion plc from GBX 185 ($2.41) to GBX 78 ($1.02) and set a sell rating on the stock in a research report on Tuesday, July 11th. Liberum Capital reaffirmed a hold rating and set a GBX 200 ($2.60) price objective on shares of Carillion plc in a research report on Monday, April 10th. Numis Securities Ltd reaffirmed an under review rating on shares of Carillion plc in a research report on Tuesday, July 11th. Stifel Nicolaus cut Carillion plc to a hold rating and dropped their price target for the stock from GBX 290 ($3.78) to GBX 114 ($1.48) in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC cut Carillion plc to a hold rating and dropped their price target for the stock from GBX 360 ($4.69) to GBX 230 ($3.00) in a research report on Tuesday, March 28th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Carillion plc presently has a consensus rating of Hold and a consensus target price of GBX 168.60 ($2.20).
Shares of Carillion plc (LON CLLN) traded up 1.97% during mid-day trading on Thursday, hitting GBX 56.85. The stock had a trading volume of 1,635,490 shares. The company’s market capitalization is GBX 244.57 million. The stock’s 50-day moving average price is GBX 101.40 and its 200 day moving average price is GBX 185.54. Carillion plc has a 1-year low of GBX 49.36 and a 1-year high of GBX 301.40.
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In related news, insider Richard Howson acquired 8,719 shares of Carillion plc stock in a transaction dated Friday, June 9th. The stock was purchased at an average cost of GBX 197 ($2.57) per share, for a total transaction of £17,176.43 ($22,368.06).
About Carillion plc
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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