Canaccord Genuity Cuts Carillion plc (LON:CLLN) Price Target to GBX 0

Carillion plc (LON:CLLN) had its price target lowered by research analysts at Canaccord Genuity from GBX 200 ($2.60) in a report released on Monday, July 24th. The firm currently has a “sell” rating on the stock.

CLLN has been the subject of a number of other research reports. Liberum Capital restated an “under review” rating on shares of Carillion plc in a report on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 260 ($3.38) price objective on shares of Carillion plc in a report on Tuesday, July 11th. J P Morgan Chase & Co upgraded Carillion plc to an “overweight” rating and increased their price objective for the stock from GBX 231 ($3.00) to GBX 292 ($3.79) in a report on Tuesday, April 25th. Beaufort Securities downgraded Carillion plc to a “hold” rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus downgraded Carillion plc to a “hold” rating and decreased their price objective for the stock from GBX 290 ($3.76) to GBX 114 ($1.48) in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 168.60 ($2.19).

Shares of Carillion plc (CLLN) traded up 0.70% during mid-day trading on Monday, hitting GBX 50.60. 1,068,574 shares of the stock traded hands. The firm’s 50-day moving average is GBX 84.67 and its 200-day moving average is GBX 179.72. Carillion plc has a 52 week low of GBX 49.51 and a 52 week high of GBX 301.40. The stock’s market cap is GBX 217.68 million.

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In other Carillion plc news, insider Richard Howson acquired 8,719 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average cost of GBX 197 ($2.56) per share, with a total value of £17,176.43 ($22,298.36).

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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