Carillion investors stand to see lift in share price

摘要

Carillion's 14% share price fall this month is an over-reaction, says one City analyst. The period coincides with Carillion's announcement of its £600m move for Alfred McAlpine Andy Brown, an analyst with Panmure Gordon, grades Carillion shares as a 'buy' and points to 395p as a target price, well ahead of the current trading figure of 343p. The most valuable part of the proposed McAlpine acquisition would be the potential to combine the Business Service element of McAlpine with the Support Services part of Carillion, says Brown in 16-page report.