Carillion (CLLN) Hits New 52-Week Low at $14.75

Carillion plc (LON:CLLN) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 14.75 ($0.20) and last traded at GBX 15 ($0.20), with a volume of 5097403 shares trading hands. The stock had previously closed at GBX 15 ($0.20).

Several research firms have commented on CLLN. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 64 ($0.86) target price on shares of Carillion in a research note on Monday, October 2nd. 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. 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. Peel Hunt cut their target price on Carillion from GBX 50 ($0.67) to GBX 40 ($0.54) and set a “reduce” rating on the stock in a research note on Thursday, October 5th. Finally, Liberum Capital restated an “under review” rating on shares of Carillion in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 126 ($1.70).

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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.

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