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Wednesday June 24th 2009
Broker's note - Carpetright
Archived article dated Wednesday June 24th 2009
KBC Peel Hunt has re-iterated its 'Buy' recommendation on Carpetright ahead of the group's preliminary results on June 30.
The broker suggests its pre-tax profit forecast of £17.2 million is a result of the impact of the volatility of Euro/Sterling that has negatively affected the company and the weak consumer spending backdrop, which it believes represents the nadir in terms of Carpetright's earnings.
The shares moved up 1% in early trading today (June 24) to stand at 589.5p.
Tagged as: broker | carpetright | kbc peel hunt
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