Published On: Thu, Jan 12th, 2017

Numis Indicates Potential 4.9% Increase In Shares Of Carrs Group Plc


On Thursday Numis reiterated its broker consensus on shares of Carrs Group Plc (LON:CARR) giving the company a ‘Hold’ rating.

Numis gave shares of Carrs Group Plc a price target of 149 indicating a potential increase of 4.9% from Carrs Group Plc’s current price of 142.03.

LON:CARR


In the prior 12 months Carrs Group Plc’s stock price has decreased by -7.31% from 153.23 to 142.03.

Carrs Group Plc has 91,377,000 shares in issue which have a share price of 142.03 giving Carrs Group Plc a market capitalisation of 129.79M GBp .

The 52 week high of Carrs Group Plc’s shares is 167.5 whilst the 52 week low for the company’s shares is 129.75. The 50 day moving average of LON:CARR is 149.89 and the 200 day moving average is 146.01.

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. Its products include manipulators, robotics, specialist fabrication and precision machining. The Company’s agriculture division develops and supplies a range of branded animal nutrition products into the livestock industries, as well as services the United Kingdom farming and rural communities through a network of retail stores and fuel businesses with manufacturing locations in the United States, United Kingdom and Europe. It is focused on the design and manufacture of pressure vessels and steel fabrications.