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Share Price Information for Carillion Plc (CLLN)

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Share Price: 14.27

Bid: 0.00

Ask: 0.00

Change: 0.00 (0.00%)

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Open: 0.00

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Prev. Close: 14.27

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Broker tips: Pearson, Mothercare, Carillion

Fri, 23rd Oct 2015 16:55

(ShareCast News) - Exane BNP Paribas downgraded Pearson to ''neutral' from 'outperform' and cut the price target to 1,000p.The bank said its investment case on Pearson was predicated on three main ideas.It argued that cyclical headwinds, especially in US Higher Education, would abate from 2015 onwards and reckoned the transformation of the group towards digital and emerging markets would further help accelerate top line growth while operating efficiency gains would drive margin expansion."We were wrong," said Exane."We concede that it will take the group much longer to see the benefits of the hoped-for cyclical and structural turnaround. We also believe that capital allocation issues are likely to further put pressure on the shares in the near term. We do not see significant upside in the share in the short term." Berenberg initiated coverage of Mothercare at 'hold' with a 250p price target."While we feel that Mothercare does have some potential to improve, we think the risk/reward ratio at current levels is not compelling."Berenberg noted that given the severe weakness in like-for-like growth and the contraction in gross margins in recent years, management is focused on rebuilding the business, aiming for more exclusivity, less discounting and greater customer engagement within stores.The bank said it has pencilled in an average of 1.5% LFL growth for the next four years and gross margins moving up by around 75 basis points a year.However, it said delivery here comes with a high level of risk, adding that a 1% change in LFL affects revenue by around £4m but, given the lossmaking nature of the UK business, affects EPS by around 20%.Carillion got a boost on Friday after JPMorgan Cazenove upgraded its stance on the construction and support services company to 'overweight' from 'neutral' as it took a look at UK contractors.JPM said the UK non-residential construction market is in recovery mode with meaningful opportunities in both the building and infrastructure markets.The bank said it sees the greatest potential at Interserve, Carillion and Kier Group."UK construction and UK services markets represent around 50%-70% of each company's revenue with the outlook for these markets solid, thus providing a strong base for growth across our forecast period."

More News

7 Dec 2016 07:10

Carillion looking at increased profit as it wins new project

(ShareCast News) - Carillion provided an update on trading in 2016 on Wednesday, ahead of announcing its preliminary results on 1 March. The FTSE 250 firm said performance met expectations, and it expected strong growth in total revenue and increased operating profit. It said performance continued

30 Nov 2016 16:15

UK Earnings, Trading Statements Calendar - Next 7 Days

1 Nov 2016 13:49

Carillion's JV wins £1.1bn MoD contract

(ShareCast News) - Facilities manager Carillion's joint venture has won £1.1bn construction and support services contracts from the Ministry of Defence. The Aspire Defence Capital Works joint venture with KBR was awarded a construction and facilities management support services contract across the S

26 Oct 2016 15:05

UK Dividends Calendar - Next 7 Days

4 Oct 2016 07:08

Carillion wins £350m Nationwide facilities management contract renewal

(ShareCast News) - Outsourcing company Carillion won a seven-year contract extension from Nationwide Building Society worth around £350m to provide facility management services at its branches and offices. The contract, which started on 1 October, continues a nine-year partnership, and will provide

4 Oct 2016 06:19

TOP NEWS: Carillion Wins GBP350 Million Contract With Nationwide

5 Sep 2016 07:06

Carillion extends partnership with Centrica for £90m

(ShareCast News) - Construction and maintenance company Carillion extended its partnership with utility firm Centrica for a further five years to deliver facilities management and project services, in a deal worth £90m. The service is to start in December and builds on the company's existing decade-

25 Aug 2016 14:47

FTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill

(ShareCast News) - The FTSE fell along with much of the market on Thursday, with Entertainment One and Just Eat leading the way lower. Entertainment One, known as eOne and distributor of the 'David Brent: Life on the Road' film currently in cinemas, was sent skidding as ITV swerved a potential takeo

25 Aug 2016 12:40

JPMorgan downgrades Carillion after H1 results

(ShareCast News) - JPMorgan Cazenove downgraded Carillion to 'underweight' from 'neutral' but lifted the price target to 250p from 225p following the group's first-half results. It said the results showed progress in the support services business with organic growth and margin expansion. However, th

24 Aug 2016 10:20

EXTRA: Carillion's Support Services Arm Drives 24% Profit Growth

24 Aug 2016 08:22

Carillion reports jump in H1 profit, announces new FD appointment

(ShareCast News) - Carillion reported a rise in first-half profit and revenue thanks to a strong performance from its support services business, as it announced the appointment of a new finance director. In the six months to the end of June, pre-tax profit was up 24% to £83.9m on revenue of £2.5bn,

17 Aug 2016 15:05

UK Earnings, Trading Statements Calendar - Next 7 Days

26 Jul 2016 09:39

WINNERS & LOSERS SUMMARY: BT Rises After Dodging Openreach Breakup

26 Jul 2016 08:31

Carillion joint ventures win Canadian and Irish contracts

(ShareCast News) - Carillion celebrated two contract wins on Tuesday, with two of the FTSE 250 firm's joint ventures in Canada and Ireland being selected for major public projects. The first project in Canada involves EUS-Rokstad, a joint venture between Emera Utility Services and Rokstad Power, bei

26 Jul 2016 07:17

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Carillion Plc Share News (CLLN)

Share Price Information for Carillion Plc (CLLN)

Broker tips: Pearson, Mothercare, Carillion

Carillion looking at increased profit as it wins new project

UK Earnings, Trading Statements Calendar - Next 7 Days

Carillion's JV wins £1.1bn MoD contract

UK Dividends Calendar - Next 7 Days

Carillion wins £350m Nationwide facilities management contract renewal

TOP NEWS: Carillion Wins GBP350 Million Contract With Nationwide

Carillion extends partnership with Centrica for £90m

FTSE 250 movers: eOne too pricey for ITV, smaller banks a bargain says Merrill

JPMorgan downgrades Carillion after H1 results

EXTRA: Carillion's Support Services Arm Drives 24% Profit Growth

Carillion reports jump in H1 profit, announces new FD appointment

UK Earnings, Trading Statements Calendar - Next 7 Days

WINNERS & LOSERS SUMMARY: BT Rises After Dodging Openreach Breakup

Carillion joint ventures win Canadian and Irish contracts

Carillion Expects GBP190 Million Of Revenue From Irish School Project

Latest Share Chat

Carillion Plc Share News (CLLN)

Share Price Information for Carillion Plc (CLLN)

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