Carillion plc (CLLN) Receives Reduce Rating from Peel Hunt

Carillion plc (LON:CLLN)‘s stock had its “reduce” rating reissued by equities researchers at Peel Hunt in a note issued to investors on Friday. They currently have a GBX 40 ($0.53) price objective on the stock. Peel Hunt’s price objective would indicate a potential downside of 8.57% from the company’s current price.

CLLN has been the subject of several other reports. Numis Securities Ltd reduced their target price on Carillion plc from GBX 60 ($0.79) to GBX 45 ($0.59) and set a “hold” rating for the company in a research report on Thursday, October 5th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 64 ($0.84) target price on shares of Carillion plc in a research report on Monday, October 2nd. Jefferies Group LLC reduced their target price on Carillion plc from GBX 80 ($1.05) to GBX 45 ($0.59) and set a “hold” rating for the company in a research report on Tuesday, October 3rd. UBS AG reduced their target price on Carillion plc from GBX 185 ($2.43) to GBX 78 ($1.03) and set a “sell” rating for the company in a research report on Tuesday, July 11th. Finally, Liberum Capital restated an “under review” rating on shares of Carillion plc in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Carillion plc currently has an average rating of “Hold” and an average price target of GBX 126 ($1.66).

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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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