McCarthy & Stone plc (LON:MCS) had its price objective reduced by equities research analysts at Canaccord Genuity from GBX 187 ($2.46) to GBX 185 ($2.43) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 18.14% from the stock’s current price.

Several other research analysts have also recently weighed in on MCS. Deutsche Bank AG restated a “buy” rating on shares of McCarthy & Stone plc in a report on Monday, July 31st. Peel Hunt restated a “buy” rating and set a GBX 220 ($2.89) target price on shares of McCarthy & Stone plc in a report on Wednesday, September 6th. Barclays PLC restated an “underweight” rating and set a GBX 152 ($2.00) target price on shares of McCarthy & Stone plc in a report on Friday, September 22nd. Numis Securities Ltd lowered their target price on McCarthy & Stone plc from GBX 179 ($2.35) to GBX 164 ($2.16) and set a “hold” rating on the stock in a report on Tuesday. Finally, lowered their target price on McCarthy & Stone plc from GBX 179 ($2.35) to GBX 164 ($2.16) and set a “hold” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. McCarthy & Stone plc currently has an average rating of “Buy” and a consensus price target of GBX 199.89 ($2.63).

McCarthy & Stone plc (LON MCS) traded down GBX 0.40 ($0.01) during trading hours on Wednesday, reaching GBX 156.60 ($2.06). The company’s stock had a trading volume of 1,469,025 shares, compared to its average volume of 1,290,000. McCarthy & Stone plc has a 52 week low of GBX 143.90 ($1.89) and a 52 week high of GBX 199.60 ($2.63).

McCarthy & Stone plc (LON:MCS) last posted its quarterly earnings data on Tuesday, November 14th. The company reported GBX 13.80 ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 14 ($0.18) by GBX (0.20) ($0.00). The firm had revenue of £660.90 million for the quarter. McCarthy & Stone plc had a return on equity of 5.04% and a net margin of 7.39%.

COPYRIGHT VIOLATION WARNING: “McCarthy & Stone plc (MCS) PT Lowered to GBX 185 at Canaccord Genuity” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/15/mccarthy-stone-plc-mcs-pt-lowered-to-gbx-185-at-canaccord-genuity.html.

In other McCarthy & Stone plc news, insider John White acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of GBX 158 ($2.08) per share, for a total transaction of £158,000 ($207,812.71).

McCarthy & Stone plc Company Profile

Analyst Recommendations for McCarthy & Stone plc (LON:MCS)

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