McCarthy & Stone (LON:MCS)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 135 ($1.74) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 14.99% from the company’s previous close.
MCS has been the subject of a number of other research reports. Berenberg Bank started coverage on shares of McCarthy & Stone in a research note on Wednesday, July 25th. They set a “hold” rating and a GBX 110 ($1.42) price objective for the company. Barclays dropped their price objective on shares of McCarthy & Stone from GBX 125 ($1.61) to GBX 92 ($1.19) and set an “underweight” rating for the company in a research note on Wednesday, July 4th. Numis Securities dropped their price objective on shares of McCarthy & Stone from GBX 135 ($1.74) to GBX 110 ($1.42) and set a “hold” rating for the company in a research note on Wednesday, June 20th. Deutsche Bank dropped their price objective on shares of McCarthy & Stone from GBX 189 ($2.44) to GBX 165 ($2.13) and set a “buy” rating for the company in a research note on Wednesday, June 20th. Finally, Jefferies Financial Group downgraded shares of McCarthy & Stone to a “hold” rating and dropped their price objective for the company from GBX 267 ($3.44) to GBX 116 ($1.50) in a research note on Wednesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 129.11 ($1.67).
LON:MCS opened at GBX 117.40 ($1.51) on Thursday. McCarthy & Stone has a 12-month low of GBX 130.90 ($1.69) and a 12-month high of GBX 197.60 ($2.55).
In related news, insider Paul J. Lester acquired 66,500 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was bought at an average price of GBX 113 ($1.46) per share, with a total value of £75,145 ($96,936.27).
McCarthy & Stone Company Profile
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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