Insider Selling: McColl's Retail Group PLC (MCLS) Insider Sells £33,628,525 in Stock
McColl's Retail Group PLC (LON:MCLS) insider James Lancaster sold 11,399,500 shares of McColl's Retail Group PLC stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of GBX 295 ($3.91), for a total value of £33,628,525 ($44,606,081.71).
Shares of McColl's Retail Group PLC (MCLS) opened at 293.00 on Wednesday. The firm’s 50 day moving average is GBX 275.11 and its 200-day moving average is GBX 224.40. McColl's Retail Group PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 300.75. The firm’s market capitalization is GBX 337.45 million.
The firm also recently declared a dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were paid a dividend of GBX 3.40 ($0.05) per share. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, August 10th.
Several equities analysts have recently commented on MCLS shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 ($3.98) price target on shares of McColl's Retail Group PLC in a research note on Monday, July 24th. Liberum Capital reiterated a “buy” rating and set a GBX 240 ($3.18) price target on shares of McColl's Retail Group PLC in a report on Tuesday, August 1st. Beaufort Securities reissued a “hold” rating on shares of McColl's Retail Group PLC in a research report on Monday, September 4th. Finally, Numis Securities Ltd downgraded McColl's Retail Group PLC to an “add” rating and set a GBX 300 ($3.98) price objective for the company. in a research report on Thursday, August 31st.
About McColl's Retail Group PLC
McColl’s Retail Group plc is a neighborhood retailer. The Company operates approximately 1,375 convenience stores and newsagents. The Company also operates over 1,00 McColl’s branded United Kingdom convenience stores, as well as over 370 newsagents branded Martin’s, except in Scotland where it operates under its heritage brand, RS McColl.
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