Barclays Capital restated their equal weight rating on shares of Carphone Warehouse Group (LON:CPW) in a report released on Wednesday, ARN reports. Barclays Capital currently has a GBX 250 ($3.87) price objective on the stock.
Barclays Capital has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of ABB Ltd. from an overweight rating to an equal weight rating. Also, Barclays Capital upgraded shares of Siemens from an equal weight rating to an overweight rating. Finally, Barclays Capital raised its price target on shares of Tenaris from $45.00 to $50.00. They have an equal weight rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a buy rating on shares of Carphone Warehouse Group (LON:CPW) in a research note to investors on Wednesday. They now have a GBX 290 ($4.49) price target on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Carphone Warehouse Group (LON:CPW) from GBX 290 ($4.49) to GBX 270 ($4.18) in a research note to investors on Tuesday. They now have an outperform rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Carphone Warehouse Group (LON:CPW) from a neutral rating to a buy rating in a research note to investors on Tuesday, August 27th. They now have a GBX 275 ($4.26) price target on the stock, up previously from GBX 265 ($4.11).
One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 250.71 ($3.88).
Shares of Carphone Warehouse Group (LON:CPW) traded down 0.42% on Wednesday, hitting GBX 235.50. The stock had a trading volume of 209,830 shares. Carphone Warehouse Group has a 1-year low of GBX 151.50 and a 1-year high of GBX 257.50. The stock’s 50-day moving average is GBX 240.0 and its 200-day moving average is GBX 227.4. The company’s market cap is £1.113 billion.
Carphone Warehouse Group plc principally consists of a 50% interest in the Best Buy Europe Group and a 46% interest in Virgin Mobile France.
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