Peter Ward Acquires 75,000 Shares of Morses Club PLC (MCL) Stock
Morses Club PLC (LON:MCL) insider Peter Ward purchased 75,000 shares of Morses Club PLC stock in a transaction on Thursday, October 13th. The shares were acquired at an average cost of GBX 129 ($1.60) per share, for a total transaction of £96,750 ($119,740.10).
Morses Club PLC (LON:MCL) traded up 2.4886% during mid-day trading on Friday, hitting GBX 135.2849. 339,407 shares of the stock were exchanged. The stock’s market cap is GBX 175.19 million. The company has a 50 day moving average price of GBX 114.34 and a 200 day moving average price of GBX 103.82. Morses Club PLC has a 52 week low of GBX 84.00 and a 52 week high of GBX 135.28.
The business also recently disclosed a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.75%.
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A number of brokerages have weighed in on MCL. Beaufort Securities reaffirmed a “buy” rating on shares of Morses Club PLC in a research report on Friday, October 7th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 130 ($1.61) price target on shares of Morses Club PLC in a research report on Thursday, October 6th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 125 ($1.55) price target on shares of Morses Club PLC in a research report on Thursday, October 6th.
Morses Club PLC Company Profile
Morses Club PLC is a United Kingdom-based non-standard consumer finance company. The Company is focused on the home collected credit market. The Company markets a range of loan products through a combination of traditional and online marketing channels. The Company is focused on the home collected credit market.
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