Investec Reiterates Buy Rating for Carr's Group PLC (CARR)

Carr's Group PLC (LON:CARR)‘s stock had its “buy” rating reiterated by investment analysts at Investec in a research note issued on Monday. They currently have a GBX 195 ($2.56) price objective on the stock. Investec’s target price suggests a potential upside of 37.32% from the company’s previous close.

A number of other brokerages also recently commented on CARR. Shore Capital raised shares of Carr's Group PLC to a “buy” rating in a research note on Monday. Whitman Howard reissued a “buy” rating and issued a GBX 185 ($2.43) price objective on shares of Carr's Group PLC in a research note on Monday, July 17th.

Carr's Group PLC (LON:CARR) opened at GBX 142 ($1.87) on Monday. Carr's Group PLC has a 12 month low of GBX 106.50 ($1.40) and a 12 month high of GBX 156.50 ($2.06).

Carr's Group PLC (LON:CARR) last issued its quarterly earnings data on Monday, November 13th. The company reported GBX 8.90 ($0.12) EPS for the quarter, topping analysts’ consensus estimates of GBX 8.70 ($0.11) by GBX 0.20 ($0.00). The company had revenue of £346.22 million during the quarter. Carr's Group PLC had a net margin of 3.72% and a return on equity of 12.46%.

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About Carr's Group PLC

Carr’s Group plc is engaged in the agriculture and engineering activities. The Company’s segments are Agriculture and Engineering. The Agriculture segment includes the sale of animal feed and feed blocks together with retail sales of farm equipment, fuels and farm consumables. The Engineering segment includes the design and manufacture of bespoke equipment for use in nuclear, oil and gas, and petrochemical industries.

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