Numis Securities Ltd Reiterates Buy Rating for McColl's Retail Group PLC (MCLS)
McColl's Retail Group PLC (LON:MCLS)‘s stock had its “buy” rating reaffirmed by Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 220 ($3.76) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 29.51% from the company’s current price.
Shares of McColl's Retail Group PLC (LON:MCLS) traded up 1.19% during mid-day trading on Tuesday, hitting GBX 170.00. The stock had a trading volume of 5,266,094 shares. McColl's Retail Group PLC has a one year low of GBX 155.42 and a one year high of GBX 191.00. The stock has a 50-day moving average of GBX 168.8 and a 200-day moving average of GBX 172.6. The company’s market cap is £1.3 million.
The company also recently announced a dividend, which is scheduled for Friday, August 29th. Investors of record on Wednesday, July 30th will be paid a dividend of GBX 1.70 ($0.03) per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, July 30th.
McColl’s Retail Group PLC is a neighbourhood retailer running convenience and newsagent stores. The Company operates in two sectors: the convenience sector and the newsagent sector.
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