Reaffirms Buy Rating for Carr's Group PLC (CARR)

Carr's Group PLC (LON:CARR)‘s stock had its “buy” rating restated by equities research analysts at in a research note issued to investors on Monday. They currently have a GBX 195 ($2.56) price target on the stock. ‘s price target points to a potential upside of 36.90% from the company’s current price.

Several other equities analysts also recently weighed in on CARR. Shore Capital raised Carr's Group PLC to a “buy” rating in a research report on Monday. Investec reaffirmed a “buy” rating and issued a GBX 195 ($2.56) target price on shares of Carr's Group PLC in a research report on Monday. Finally, Whitman Howard reaffirmed a “buy” rating and issued a GBX 185 ($2.43) target price on shares of Carr's Group PLC in a research report on Monday, July 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Carr's Group PLC has a consensus rating of “Buy” and an average target price of GBX 181.40 ($2.39).

Carr's Group PLC (LON CARR) opened at GBX 141 ($1.85) on Monday. Carr's Group PLC has a one year low of GBX 106.50 ($1.40) and a one year 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) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 8.70 ($0.11) by GBX 0.20 ($0.00). The firm had revenue of £346.22 million during the quarter. Carr's Group PLC had a return on equity of 12.46% and a net margin of 3.72%.

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Carr's Group PLC Company Profile

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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