McCarthy & Stone (LON:MCS) had its price objective reduced by research analysts at Peel Hunt from GBX 185 ($2.65) to GBX 170 ($2.43) in a note issued to investors on Wednesday, April 11th. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 24.82% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. Deutsche Bank reiterated a “buy” rating on shares of McCarthy & Stone in a report on Friday, April 6th. Numis Securities restated a “hold” rating and issued a GBX 135 ($1.93) target price on shares of McCarthy & Stone in a research note on Wednesday, March 7th. Finally, Barclays reaffirmed an “underweight” rating and set a GBX 136 ($1.95) price target on shares of McCarthy & Stone in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. McCarthy & Stone presently has an average rating of “Hold” and an average target price of GBX 177 ($2.53).
Shares of MCS stock opened at GBX 136.20 ($1.95) on Wednesday. McCarthy & Stone has a 12 month low of GBX 130.90 ($1.87) and a 12 month high of GBX 197.60 ($2.83).
McCarthy & Stone (LON:MCS) last announced its quarterly earnings data on Wednesday, April 11th. The company reported GBX 1.70 ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 1.80 ($0.03) by GBX (0.10) ($0.00). McCarthy & Stone had a return on equity of 15.67% and a net margin of 13.44%.
In other McCarthy & Stone news, insider John Tonkiss bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of GBX 135 ($1.93) per share, with a total value of £13,500 ($19,329.90).
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About McCarthy & Stone
McCarthy & Stone plc is a United Kingdom-based retirement house builder. The Company is the parent company of the McCarthy & Stone Group. Its subsidiaries include McCarthy & Stone Retirement Lifestyles Limited and McCarthy & Stone Management Services Limited. Ortus Homes is a trading name of the Company.
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