Carillion plc (CLLN) Hits New 1-Year Low at $16.50

Carillion plc (LON:CLLN) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 16.50 ($0.22) and last traded at GBX 21.50 ($0.28), with a volume of 69081740 shares trading hands. The stock had previously closed at GBX 41.50 ($0.55).

A number of research firms recently issued reports on CLLN. Peel Hunt decreased their target price on Carillion plc from GBX 50 ($0.66) to GBX 40 ($0.53) and set a “reduce” rating for the company in a report on Thursday, October 5th. Liberum Capital reiterated an “under review” rating on shares of Carillion plc in a report on Tuesday, October 31st. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 64 ($0.84) target price on shares of Carillion plc in a report on Monday, October 2nd. Jefferies Group LLC decreased 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 report on Tuesday, October 3rd. Finally, Numis Securities Ltd decreased 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 report on Thursday, October 5th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Carillion plc presently has an average rating of “Hold” and a consensus target price 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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