CareTech Holdings plc 9.6% potential upside indicated by Berenberg Bank

Broker Ratings

CareTech Holdings plc with ticker (LON:CTH) now has a potential upside of 9.6% according to Berenberg Bank.

Berenberg Bank set a target price of 700 GBX for the company, which when compared to the CareTech Holdings plc share price of 633 GBX at opening today (21/10/2021) indicates a potential upside of 9.6%. Trading has ranged between 439 (52 week low) and 701 (52 week high) with an average of 96,442 shares exchanging hands daily. The market capitalisation at the time of writing is £714,992,762.

CareTech Holdings PLC is a provider of social care services. The Company’s segments include Adult Services (Adult) and Children Services (Children). The Adult Services segment consists of the Adult Learning Disabilities (ALD) and Mental Health (MH) divisions. The Children Services segment consists of Young People Residential Services (YPR), Foster Care (FC) and Learning Services (Learning). ALD provides solutions for people living in their own homes, residential care or independent supported living schemes. MH includes a community-based hospital, adult residential care homes, independent supported living and community outreach. FC provides for both mainstream and specialist foster care across England and Wales for children with disabilities. YPR includes facilities for children with learning difficulties and emotional behavioral disorders, and small specialist schools. Learning comprises employment and training services to young people and adults.

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