Carpetright (CPR) Price Target Raised to GBX 70

Carpetright (LON:CPR) had its price objective boosted by Peel Hunt from GBX 40 ($0.52) to GBX 70 ($0.91) in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target indicates a potential upside of 270.37% from the stock’s current price.

LON:CPR opened at GBX 18.90 ($0.25) on Thursday. Carpetright has a 52 week low of GBX 52 ($0.68) and a 52 week high of GBX 253.75 ($3.32).

In other news, insider Wilf Walsh acquired 222,000 shares of the firm’s stock in a transaction on Tuesday, October 9th. The stock was purchased at an average price of GBX 18 ($0.24) per share, for a total transaction of £39,960 ($52,214.82).

About Carpetright

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

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