Carpetright (CPR) Hits New 52-Week Low at $44.00

Carpetright plc (LON:CPR)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 44 ($0.61) and last traded at GBX 44.60 ($0.62), with a volume of 395237 shares. The stock had previously closed at GBX 59.10 ($0.82).

A number of equities analysts have recently weighed in on CPR shares. Shore Capital restated a “hold” rating on shares of Carpetright in a research note on Thursday, March 1st. Deutsche Bank downgraded Carpetright to a “hold” rating and cut their target price for the stock from GBX 250 ($3.45) to GBX 200 ($2.76) in a research note on Tuesday, January 2nd. Finally, Peel Hunt cut their target price on Carpetright from GBX 100 ($1.38) to GBX 70 ($0.97) and set a “hold” rating on the stock in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Carpetright currently has an average rating of “Hold” and an average target price of GBX 156.80 ($2.17).

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The company has a market capitalization of $39.94 and a P/E ratio of -812.00.

In related news, insider Wilf Walsh purchased 31,250 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were bought at an average price of GBX 160 ($2.21) per share, with a total value of £50,000 ($69,079.86).

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About Carpetright

Carpetright plc is engaged in providing floor coverings and beds. The Company operates through two segments: UK and Rest of Europe (comprising Belgium, the Netherlands and Republic of Ireland). The Company trades from approximately 440 stores and concessions in the United Kingdom, as well as over 140 stores across Holland, Belgium and the Republic of Ireland.

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