Carr's Group PLC’s (CARR) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital restated their hold rating on shares of Carr's Group PLC (LON:CARR) in a research note issued to investors on Tuesday morning.

Other research analysts have also recently issued research reports about the company. Investec raised their target price on Carr's Group PLC from GBX 157 ($1.91) to GBX 164 ($1.99) and gave the company a buy rating in a research note on Monday, November 14th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 149 ($1.81) target price on shares of Carr's Group PLC in a research note on Wednesday, November 16th. Finally, Whitman Howard reaffirmed a hold rating and set a GBX 175 ($2.13) target price on shares of Carr's Group PLC in a research note on Wednesday, December 14th.

Shares of Carr's Group PLC (LON:CARR) traded down 1.20% during mid-day trading on Tuesday, hitting GBX 143.75. The stock had a trading volume of 66,014 shares. The company has a 50-day moving average of GBX 149.88 and a 200 day moving average of GBX 146.01. The firm’s market cap is GBX 131.35 million. Carr's Group PLC has a one year low of GBX 129.75 and a one year high of GBX 167.50.

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The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be paid a GBX 1.90 ($0.02) dividend. This is an increase from Carr's Group PLC’s previous dividend of $0.95. This represents a yield of 1.32%. The ex-dividend date is Thursday, December 15th.

In related news, insider Tim Davies sold 26,881 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of GBX 144 ($1.75), for a total value of £38,708.64 ($47,073.62).

About Carr's Group PLC

Carr’s Group plc, formerly Carr’s Milling Industries PLC, is a United Kingdom-based company, which is engaged in the provision of industrial services. The Company’s divisions include Agriculture, Food and Engineering. The Company offers a range of services, including the manufacturing and supply of flour, robotic and remote handling equipment, farm machinery, feed blocks for livestock, and the United Kingdom network of rural stores, with facilities located in the United Kingdom, Europe and North America.

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