Carillion plc (LON:CLLN) Lowered to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Carillion plc (LON:CLLN) to a hold rating in a research note issued to investors on Tuesday, July 11th. The firm currently has GBX 114 ($1.48) price target on the stock, down from their prior price target of GBX 290 ($3.78).

CLLN has been the topic of a number of other reports. Liberum Capital reissued an under review rating on shares of Carillion plc in a research report on Monday, July 10th. Morgan Stanley reissued an equal weight rating and set a GBX 260 ($3.39) target price on shares of Carillion plc in a research report on Tuesday, July 11th. J P Morgan Chase & Co raised shares of Carillion plc to an overweight rating and boosted their target price for the stock from GBX 231 ($3.01) to GBX 292 ($3.80) in a research report on Tuesday, April 25th. Beaufort Securities cut shares of Carillion plc to a hold rating in a research report on Tuesday, July 11th. Finally, Peel Hunt reissued a reduce rating and set a GBX 200 ($2.60) target price on shares of Carillion plc in a research report on Tuesday, March 14th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 168.60 ($2.20).

Shares of Carillion plc (LON:CLLN) traded up 1.97% during midday trading on Tuesday, hitting GBX 56.85. 1,635,490 shares of the stock were exchanged. The firm’s market cap is GBX 244.57 million. Carillion plc has a 12-month low of GBX 49.36 and a 12-month high of GBX 301.40. The firm has a 50 day moving average of GBX 103.88 and a 200 day moving average of GBX 185.89.

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In related news, insider Richard Howson purchased 8,719 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average cost of GBX 197 ($2.57) per share, with a total value 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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