Shore Capital Reaffirms “Hold” Rating for Carpetright (LON:CPR)

Shore Capital reissued their hold rating on shares of Carpetright (LON:CPR) in a research note released on Friday, January 19th.

A number of other research analysts also recently issued reports on CPR. Goldman Sachs Group restated a neutral rating on shares of Carpetright in a report on Monday, November 13th. Canaccord Genuity reaffirmed a sell rating and set a GBX 149 ($2.06) price objective on shares of Carpetright in a research report on Tuesday, October 24th. Peel Hunt reaffirmed a buy rating and set a GBX 230 ($3.18) price objective on shares of Carpetright in a research report on Monday, January 8th. Finally, Deutsche Bank cut Carpetright to a hold rating and dropped their price target for the stock from GBX 250 ($3.45) to GBX 200 ($2.76) in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 194.80 ($2.69).

Shares of Carpetright (LON:CPR) traded down GBX 0.20 ($0.00) during trading hours on Friday, reaching GBX 77 ($1.06). The company had a trading volume of 125,781 shares, compared to its average volume of 342,797. Carpetright has a 52 week low of GBX 74 ($1.02) and a 52 week high of GBX 259 ($3.58). The stock has a market cap of $51.86 and a P/E ratio of -1,540.00.

In related news, insider Wilf Walsh purchased 31,250 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were purchased at an average cost of GBX 160 ($2.21) per share, with a total value of £50,000 ($69,079.86).

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About Carpetright

Carpetright plc is engaged in providing floor coverings and beds. The Company operates through two segments: UK and Rest of Europe (comprising Belgium, the Netherlands and Republic of Ireland). The Company trades from approximately 440 stores and concessions in the United Kingdom, as well as over 140 stores across Holland, Belgium and the Republic of Ireland.

Analyst Recommendations for Carpetright (LON:CPR)

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