McCarthy & Stone (LON:MCS) had its price target decreased by equities researchers at Berenberg Bank from GBX 120 ($1.57) to GBX 110 ($1.44) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential downside of 15.25% from the stock’s previous close.
Several other equities analysts have also commented on MCS. Peel Hunt reissued a “buy” rating on shares of McCarthy & Stone in a research report on Tuesday, December 18th. Barclays reduced their price target on McCarthy & Stone from GBX 125 ($1.63) to GBX 124 ($1.62) and set an “underweight” rating on the stock in a research report on Monday, February 11th. HSBC boosted their price target on McCarthy & Stone from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the stock a “hold” rating in a research report on Tuesday, March 26th. UBS Group reissued a “sell” rating and set a GBX 125 ($1.63) price target on shares of McCarthy & Stone in a research report on Monday, April 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 149 ($1.95) price target on shares of McCarthy & Stone in a research report on Monday, April 8th. Two 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. McCarthy & Stone currently has an average rating of “Hold” and an average target price of GBX 136.78 ($1.79).
McCarthy & Stone stock opened at GBX 129.80 ($1.70) on Tuesday. The company has a market cap of $706.05 million and a P/E ratio of 15.09. The company has a current ratio of 5.03, a quick ratio of 0.45 and a debt-to-equity ratio of 6.73. McCarthy & Stone has a one year low of GBX 96.05 ($1.26) and a one year high of GBX 144.40 ($1.89).
About McCarthy & Stone
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 provide apartments for customers aged 60 and over; retirement living plus developments, which are designed for customers aged 70 and over, as well as offers retirement properties with management services, domestic assistance, personal care, and additional support; and lifestyle living developments for customers aged 55 and over.
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