Carpetright plc (CPR) Given Average Recommendation of “Hold” by Analysts

Carpetright plc (LON:CPR) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 186 ($2.57).

A number of brokerages have recently issued reports on CPR. Goldman Sachs Group reissued a “neutral” rating on shares of Carpetright in a research report on Monday, November 13th. Canaccord Genuity reissued 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 reissued a “buy” rating and set a GBX 230 ($3.18) price objective on shares of Carpetright in a research report on Monday, January 8th. Deutsche Bank downgraded shares of Carpetright to a “hold” rating and cut their price objective for the company from GBX 250 ($3.45) to GBX 200 ($2.76) in a research report on Tuesday, January 2nd. Finally, Shore Capital reissued a “hold” rating on shares of Carpetright in a research report on Tuesday, December 12th.

Shares of Carpetright (LON CPR) traded down GBX 0.20 ($0.00) on Friday, reaching GBX 77 ($1.06). 125,781 shares of the company’s stock were exchanged, compared to its average volume of 342,797. The stock has a market cap of $51.86 and a price-to-earnings ratio of -1,540.00. Carpetright has a 1-year low of GBX 74 ($1.02) and a 1-year high of GBX 259 ($3.58).

In other news, insider Wilf Walsh bought 31,250 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was bought at an average price of GBX 160 ($2.21) per share, with a total value of £50,000 ($69,079.86).

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Carpetright Company Profile

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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