The stock of Carpetright plc (LON:CPR) hit a new 52-week low and has GBX 176.27 target or 7.00% below today’s GBX 189.54 share price. The 8 months bearish chart indicates high risk for the GBX 128.74M company. The 1-year low was reported on Nov, 30 by Barchart.com. If the GBX 176.27 price target is reached, the company will be worth GBX 9.01 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 0.42% or GBX 0.79 on November 30, hitting GBX 189.54. About 11,047 shares traded hands. Carpetright plc (LON:CPR) has declined 37.50% since May 2, 2016 and is downtrending. It has underperformed by 42.73% the S&P500.
Carpetright plc (LON:CPR) Ratings Coverage
Out of 6 analysts covering Carpetright PLC (LON:CPR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Carpetright PLC has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, July 23 by Cantor Fitzgerald. Cantor Fitzgerald maintained Carpetright plc (LON:CPR) on Tuesday, April 26 with “Hold” rating. Deutsche Bank maintained it with “Buy” rating and GBX 525 target price in Wednesday, April 27 report. The firm has “Buy” rating by Peel Hunt given on Tuesday, December 15. The rating was maintained by Peel Hunt with “Buy” on Tuesday, October 25. Berenberg maintained Carpetright plc (LON:CPR) on Tuesday, August 9 with “Hold” rating. The stock has “Hold” rating given by Cantor Fitzgerald on Tuesday, October 27. The rating was maintained by Shore Capital on Wednesday, February 24 with “Buy”. The company was upgraded on Monday, February 8 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, December 15 by Cantor Fitzgerald.
More news for Carpetright plc (LON:CPR) were recently published by: Fool.Co.Uk, which released: “Boohoo.com plc & Carpetright plc slip after updating the market!” on April 26, 2016. Fool.Co.Uk‘s article titled: “Should you buy, sell or hold Ocado Group plc, Carpetright plc and Cohort plc …” and published on June 28, 2016 is yet another important article.
Carpetright plc is engaged in providing floor coverings and beds. The company has a market cap of 128.74 million GBP. The Firm operates through two divisions: UK and Rest of Europe . It has a 12.75 P/E ratio. The Firm 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.
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