Shore Capital Reaffirms “Hold” Rating for Morses Club PLC (MCL)
Morses Club PLC (LON:MCL)‘s stock had its “hold” rating restated by analysts at Shore Capital in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also weighed in on the company. Beaufort Securities reiterated a “buy” rating and issued a GBX 155 ($2.00) price target on shares of Morses Club PLC in a research report on Friday, March 3rd. Panmure Gordon reissued a “buy” rating and issued a GBX 150 ($1.94) price objective on shares of Morses Club PLC in a research note on Thursday, March 2nd. Finally, Numis Securities Ltd reissued an “add” rating and issued a GBX 130 ($1.68) price objective on shares of Morses Club PLC in a research note on Thursday, March 2nd.
Morses Club PLC (LON:MCL) traded up 0.85% on Thursday, hitting GBX 133.50. The stock had a trading volume of 41,935 shares. Morses Club PLC has a one year low of GBX 84.00 and a one year high of GBX 139.06. The stock has a 50-day moving average of GBX 121.65 and a 200-day moving average of GBX 120.43. The company’s market cap is GBX 172.89 million.
The company also recently declared a dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, June 22nd will be paid a dividend of GBX 4.30 ($0.06) per share. The ex-dividend date of this dividend is Thursday, June 22nd. This is an increase from Morses Club PLC’s previous dividend of $2.10. This represents a dividend yield of 3.16%.
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In other news, insider Nigel Knowles purchased 12,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was bought at an average cost of GBX 134 ($1.73) per share, with a total value of £16,080 ($20,761.78).
Morses Club PLC Company Profile
Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.
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