Peel Hunt Trims Carclo (CAR) Target Price to GBX 130

Carclo (LON:CAR) had its price objective cut by equities researchers at Peel Hunt from GBX 200 ($2.71) to GBX 130 ($1.76) in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 65.58% from the stock’s current price.

Several other equities analysts have also commented on the stock. FinnCap reaffirmed a “hold” rating and set a GBX 165 ($2.24) target price on shares of Carclo in a report on Friday, October 27th. N+1 Singer reaffirmed a “buy” rating and set a GBX 175 ($2.37) target price on shares of Carclo in a report on Tuesday, November 14th.

Carclo (LON:CAR) opened at GBX 78.51 ($1.06) on Monday. Carclo has a twelve month low of GBX 62.40 ($0.85) and a twelve month high of GBX 180 ($2.44). The company has a market cap of $57.54 and a price-to-earnings ratio of 785.10.

Carclo (LON:CAR) last released its earnings results on Tuesday, November 14th. The company reported GBX 4.50 ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 4.30 ($0.06) by GBX 0.20 ($0.00). Carclo had a net margin of 4.57% and a return on equity of 14.09%. The company had revenue of GBX 7,218 million for the quarter.

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Carclo Company Profile

Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology.

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