Could Carr’s Group PLC Crash Even More? The Stock Just Made All-Time Low

 Could Carr's Group PLC Crash Even More? The Stock Just Made All Time Low

The stock of Carr’s Group PLC (LON:CARR) reached all time low today, Nov, 4 and still has GBX 125.10 target or 10.00% below today’s GBX 139.00 share price. This indicates more downside for the GBX 126.77M company. This technical setup was reported by Barchart.com. If the GBX 125.10 PT is reached, the company will be worth GBX 12.68M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock closed at GBX 139 during the last session. It is down 8.85% since April 8, 2016 and is downtrending. It has underperformed by 9.94% 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. Investec maintained Carr’s Group PLC (LON:CARR) on Tuesday, January 5 with “Buy” rating. As per Tuesday, January 5, the company rating was upgraded by Numis Securities. The firm earned “Buy” rating on Monday, November 9 by Investec. The company was maintained on Monday, November 16 by Numis Securities. The stock of Carr’s Group PLC (LON:CARR) has “Buy” rating given on Thursday, March 17 by Investec. Shore Capital maintained the stock with “Hold” rating in Monday, September 5 report. The stock has “Buy” rating given by Shore Capital on Tuesday, January 5. The firm earned “Add” rating on Wednesday, July 20 by Numis Securities. Numis Securities maintained Carr’s Group PLC (LON:CARR) rating on Wednesday, April 13. Numis Securities has “Add” rating and GBX 163 price target. The stock of Carr’s Group PLC (LON:CARR) has “Hold” rating given on Tuesday, September 6 by Numis Securities.

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.

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