Morses Club PLC (LON:MCL) had its target price reduced by analysts at Numis Securities Ltd from GBX 149 ($1.90) to GBX 138 ($1.76) in a note issued to investors on Monday. The brokerage presently has an “add” rating on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 13.11% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Beaufort Securities restated a “buy” rating and set a GBX 155 ($1.97) price target on shares of Morses Club PLC in a research note on Wednesday, June 21st. Shore Capital restated a “hold” rating on shares of Morses Club PLC in a research note on Tuesday, June 20th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 150 ($1.91) price target on shares of Morses Club PLC in a research note on Thursday, April 27th.

Shares of Morses Club PLC (MCL) remained flat at GBX 124.50 during midday trading on Monday. 4,211 shares of the company’s stock were exchanged. The stock’s market cap is GBX 161.23 million. The firm’s 50 day moving average price is GBX 129.61 and its 200-day moving average price is GBX 122.01. Morses Club PLC has a 52-week low of GBX 85.25 and a 52-week high of GBX 139.06.

The company also recently declared a dividend, which will be paid on Friday, July 21st. Shareholders of record on Thursday, June 22nd will be paid a dividend of GBX 4.30 ($0.05) per share. This represents a yield of 3.16%. This is a boost from Morses Club PLC’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, June 22nd.

TRADEMARK VIOLATION NOTICE: “Morses Club PLC (LON:MCL) Price Target Lowered to GBX 138 at Numis Securities Ltd” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at

In related news, insider Nigel Knowles acquired 12,000 shares of Morses Club PLC stock in a transaction dated Thursday, April 27th. The shares were acquired at an average cost of GBX 134 ($1.70) per share, for a total transaction of £16,080 ($20,452.81).

About Morses Club PLC

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.

Receive News & Ratings for Morses Club PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morses Club PLC and related companies with's FREE daily email newsletter.