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Carpetright (LON:CPR) Given Buy Rating at Peel Hunt



Carpetright (LON:CPR)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Tuesday, August 27th, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Carpetright in a research note on Tuesday, August 27th. Peel Hunt lowered their target price on Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating on the stock in a report on Tuesday, June 25th.

CPR traded up GBX 0.88 ($0.01) on Tuesday, reaching GBX 12.78 ($0.17). The company had a trading volume of 110,461 shares, compared to its average volume of 127,670. Carpetright has a one year low of GBX 11.70 ($0.15) and a one year high of GBX 36 ($0.47). The company has a current ratio of 0.71, a quick ratio of 0.18 and a debt-to-equity ratio of 86.12. The company has a market capitalization of $38.81 million and a P/E ratio of -1.62. The company has a fifty day moving average of GBX 14.53 and a 200-day moving average of GBX 17.78.

Carpetright Company Profile

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.

Further Reading: How the Consumer Price Index (CPI) is calculated?

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Using 99 Smartphones & Google Maps Artist Creates Virtual Traffic Jams




Google Map Hacks by Simon Weckert

Berlin-based artist Simon Weckert is fascinated by the digital world and its impact on humanity. With his performance Google Map Hacks, Weckert plays with the intersection of real and virtual worlds. By strolling around with a wagon filled with 99 cell phones, the artist generates virtual traffic jams on Google Maps and creates an intriguing juxtaposition between the physical and digital world.

The act itself took almost a year of preparation, with Weckert slowly collecting low-cost smartphones and convincing friends to lend theirs for the cause. In publishing the work to coincide with the fifteenth birthday of Google Maps, Weckert looks to remind us of how this technology has seeped into our daily lives. Car sharing services, food delivery services, and dating apps like Tinder wouldn’t be the same without Google Maps. As Weckert points out, “all of these apps function via interfaces with Google Maps and create new forms of digital capitalism and commodification. Without these maps, car sharing systems, new taxi apps, bike rental systems, and online transport agency services such as Uber would be unthinkable.”

A video of the performance shows what’s happening online and on the street in real time. As Weckert slowly rolls his wagon across a near-empty street, Google Maps follows along with a red line. This traffic jam, caused by the phones on the wagon, instantly has a real-life impact. One can imagine commuters and delivery drivers avoiding these streets in an effort to bypass what they see as a traffic jam.

Performance About Art and Technology

By hacking the system, Weckert is the one who’s actually in control. With this simple act, the German artist proves how easy it can be for a single person to manipulate this seemingly sophisticated system. Weckert hopes that through Google Map Hacks, people will start thinking about how this technology has impacted their lives and begin to question the motives behind its utility.

“With its Geo Tools, Google has created a platform that allows users and businesses to interact with maps in a novel way,” Weckert tells My Modern Met. “This means that questions relating to power in the discourse of cartography have to be reformulated. We can safely say that digitalization has opened up the mapping sector, which was once dominated by the state. Instead of leading to increased democratization, this has resulted in fragmentations. Economic interests appear to have replaced state and military interests: Google uses its maps to open up new markets, to collect more data and to profit from the online platforms which use Google Maps as their basis.”

Simon Weckert filled a wagon with 99 smartphones to play havoc with traffic on Google Maps.

Wagon Filled with Smartphones

Watch how his movements have an effect on the street congestion Google maps displays.

Simon Weckert: Website

My Modern Met granted permission to feature photos by Simon Weckert.

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