Peel Hunt Increases McCarthy & Stone (LON:MCS) Price Target to GBX 150
McCarthy & Stone (LON:MCS) had its target price upped by Peel Hunt from GBX 135 ($1.76) to GBX 150 ($1.96) in a research report report published on Tuesday, September 25th. They currently have a buy rating on the stock.
Several other brokerages have also recently weighed in on MCS. Barclays reduced their price objective on shares of McCarthy & Stone from GBX 125 ($1.63) to GBX 92 ($1.20) and set an underweight rating on the stock in a research note on Wednesday, July 4th. UBS Group reissued a sell rating and issued a GBX 102 ($1.33) price objective on shares of McCarthy & Stone in a research note on Thursday, September 6th. Jefferies Financial Group cut shares of McCarthy & Stone to a hold rating and reduced their price objective for the stock from GBX 267 ($3.49) to GBX 116 ($1.52) in a research note on Wednesday, June 20th. Deutsche Bank boosted their price objective on shares of McCarthy & Stone from GBX 165 ($2.16) to GBX 168 ($2.20) and gave the stock a buy rating in a research note on Thursday, August 30th. Finally, Berenberg Bank initiated coverage on shares of McCarthy & Stone in a research note on Wednesday, July 25th. They issued a hold rating and a GBX 110 ($1.44) price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. McCarthy & Stone has an average rating of Hold and an average price target of GBX 132 ($1.72).
Shares of McCarthy & Stone stock traded down GBX 1.80 ($0.02) during trading on Tuesday, hitting GBX 131.70 ($1.72). The company’s stock had a trading volume of 415,331 shares, compared to its average volume of 1,060,000. McCarthy & Stone has a 52 week low of GBX 130.90 ($1.71) and a 52 week high of GBX 197.60 ($2.58).
McCarthy & Stone plc, together with its subsidiaries, operates as a retirement housing market in the United Kingdom. The company builds, sells, and manages retirement developments. It offers retirement living developments, which provides apartments for homeowners aged 60 and over; retirement living plus developments, which are designed for customers aged 70 and over, as well as offers a retirement apartment with management services, domestic assistance, personal care, and additional support; and lifestyle living for customers aged 55 and over.
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