Carillion plc (CLLN) Given Average Recommendation of “Hold” by Brokerages

Shares of Carillion plc (LON:CLLN) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 129.56 ($1.76).

Several equities research analysts have commented on the company. Peel Hunt cut their target price on Carillion from GBX 100 ($1.36) to GBX 50 ($0.68) and set a “reduce” rating on the stock in a research note on Friday, September 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 64 ($0.87) target price on shares of Carillion in a research note on Monday, October 2nd. Liberum Capital restated an “under review” rating on shares of Carillion in a research note on Tuesday, October 3rd. Jefferies Group cut their target price on Carillion from GBX 80 ($1.08) to GBX 45 ($0.61) and set a “hold” rating on the stock in a research note on Tuesday, October 3rd. Finally, Numis Securities cut their target price on Carillion from GBX 60 ($0.81) to GBX 45 ($0.61) and set a “hold” rating on the stock in a research note on Thursday, October 5th.

Shares of Carillion (CLLN) opened at GBX 14.20 ($0.19) on Friday. The company has a market capitalization of $61.10 and a P/E ratio of -5.70. Carillion has a 12 month low of GBX 12.50 ($0.17) and a 12 month high of GBX 233.90 ($3.17).

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Carillion Company Profile

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.

Analyst Recommendations for Carillion (LON:CLLN)

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