Carpetright (LON:CPR) Price Target Cut to GBX 50

Carpetright (LON:CPR) had its target price lowered by Peel Hunt from GBX 70 ($0.91) to GBX 50 ($0.65) in a research note issued to investors on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective points to a potential upside of 171.74% from the company’s previous close.

Separately, Shore Capital restated a “hold” rating on shares of Carpetright in a report on Thursday, April 25th.

Carpetright stock opened at GBX 18.40 ($0.24) on Monday. The business has a 50-day simple moving average of GBX 21.86. Carpetright has a twelve month low of GBX 12.20 ($0.16) and a twelve month high of GBX 36 ($0.47). The company has a debt-to-equity ratio of 47.85, a quick ratio of 0.40 and a current ratio of 0.85. The company has a market cap of $55.84 million and a P/E ratio of -0.39.

Carpetright Company Profile

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

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