Peel Hunt Reiterates Carclo PLC (LON:CAR) As “Buy”; Has PT Of GBX 190.00

Carclo PLC (LON:CAR) Rating

Carclo PLC (LON:CAR) had its stock rating noted as “Buy” by analysts at Peel Hunt. Peel Hunt currently has a GBX 190.00 PT on the 88.20M GBP market cap company or 45.59% upside potential. This was shown in a note on Thursday, 29 September.

Out of 3 analysts covering Carclo (LON:CAR), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. GBX 195 is the highest target while GBX 135 is the lowest. The GBX 165.33 average target is 26.69% above today’s (GBX 130.5) stock price. Carclo has been the topic of 19 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the stock on September 29 with “Buy” rating. N+1 Singer maintained the shares of CAR in a report on November 19 with “Buy” rating.

About 3,124 shares traded hands. Carclo plc (LON:CAR) has declined 3.90% since February 29, 2016 and is downtrending. It has underperformed by 15.16% the S&P500.

Analysts await Avis Budget Group Inc. (NASDAQ:CAR) to report earnings on November, 7. They expect $2.35 EPS, up 18.69% or $0.37 from last year’s $1.98 per share. CAR’s profit will be $195.72 million for 3.70 P/E if the $2.35 EPS becomes a reality. After $0.63 actual EPS reported by Avis Budget Group Inc. for the previous quarter, Wall Street now forecasts 273.02% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.23, from 1.06 in 2016Q1. The ratio fall, as 33 funds sold all Carclo plc shares owned while 76 reduced positions. 37 funds bought stakes while 53 increased positions. They now own 95.80 million shares or 3.70% less from 99.49 million shares in 2016Q1.

Srs Investment Management Llc holds 8.82% of its portfolio in Carclo plc for 9.00 million shares. Mountain Lake Investment Management Llc owns 300,000 shares or 5.83% of their US portfolio. Moreover, Philadelphia Financial Management Of San Francisco Llc has 3.62% invested in the company for 489,161 shares. The Massachusetts-based Brookside Capital Management Llc has invested 3.31% in the stock. Tremblant Capital Group, a New York-based fund reported 1.59 million shares.

Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The company has a market cap of 88.20 million GBP. The Firm is also engaged in the design and supply of specialized injection molded light-emitting diode lighting systems to the automotive industry. It has a 39.3 P/E ratio. The Firm operates through four divisions: Technical Plastics, LED Technologies, Aerospace and CIT Technology.

According to Zacks Investment Research, “Avis Budget Group, Inc. is a leading provider of vehicle rental services, with operations in more than seventy countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue, and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet, maintenance facilities, technology and administrative infrastructure”

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