McColl's Retail Group (MCLS) Given “Buy” Rating at Peel Hunt

McColl's Retail Group (LON:MCLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research note issued on Wednesday, November 29th. They presently have a GBX 325 ($4.35) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 23.11% from the stock’s previous close.

A number of other research analysts have also issued reports on MCLS. Numis Securities lowered shares of McColl's Retail Group to an “add” rating and set a GBX 300 ($4.01) target price for the company. in a research note on Thursday, August 31st. Liberum Capital reissued a “buy” rating and set a GBX 240 ($3.21) target price on shares of McColl's Retail Group in a research note on Friday, August 25th. Finally, Beaufort Securities reissued a “hold” rating on shares of McColl's Retail Group in a research note on Monday, September 4th.

McColl's Retail Group (MCLS) opened at GBX 264 ($3.53) on Wednesday. The stock has a market cap of $298.40 and a PE ratio of 2,640.00. McColl's Retail Group has a one year low of GBX 171 ($2.29) and a one year high of GBX 300.75 ($4.02).

In other news, insider James Lancaster sold 11,399,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of GBX 295 ($3.94), for a total value of £33,628,525 ($44,963,932.34).

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McColl's Retail Group Company Profile

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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