The stock of Carr’s Group PLC (LON:CARR) hit a new 52-week low and has GBX 119.54 target or 14.00% below today’s GBX 139.00 share price. The 7 months bearish chart indicates high risk for the GBX 126.77 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 119.54 price target is reached, the company will be worth GBX 17.75 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.72% or GBX 1 on November 3, hitting GBX 139. About 34,387 shares traded hands. Carr’s Group PLC (LON:CARR) has declined 8.85% since April 7, 2016 and is downtrending. It has underperformed by 10.07% the S&P500.
Carr’s Group PLC (LON:CARR) Ratings Coverage
Out of 3 analysts covering Carrs Group Plc (LON:CARR), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Carrs Group Plc has been the topic of 13 analyst reports since November 9, 2015 according to StockzIntelligence Inc. Shore Capital maintained the stock with “Hold” rating in Monday, September 5 report. As per Monday, March 21, the company rating was maintained by Investec. The stock of Carr’s Group PLC (LON:CARR) earned “Add” rating by Numis Securities on Tuesday, January 5. Investec maintained Carr’s Group PLC (LON:CARR) rating on Thursday, March 17. Investec has “Buy” rating and GBX 182 price target. Investec maintained the shares of CARR in a report on Monday, November 9 with “Buy” rating. Investec maintained Carr’s Group PLC (LON:CARR) rating on Tuesday, January 19. Investec has “Buy” rating and GBX 182 price target. The company was maintained on Tuesday, July 19 by Shore Capital. The firm earned “Buy” rating on Tuesday, January 5 by Shore Capital. The rating was maintained by Investec with “Buy” on Tuesday, January 5. The firm has “Hold” rating by Numis Securities given on Tuesday, September 6.
Another recent and important Carr’s Group PLC (LON:CARR) news was published by Fool.Co.Uk which published an article titled: “Should You Buy Vedanta Resources plc, Carr’s Group PLC & Iofina plc Today?” on April 11, 2016.
Carr’s Group plc, formerly Carr’s Milling Industries PLC, is a United Kingdom company, which is engaged in the provision of industrial services. The company has a market cap of 126.77 million GBP. The Company’s divisions include Agriculture, Food and Engineering. It has a 10.47 P/E ratio. The Firm offers a range of services, including the manufacturing and supply of flour, robotic and remote handling equipment, farm machinery, feed blocks for livestock, and the United Kingdom network of rural stores, with facilities located in the United Kingdom, Europe and North America.