McCarthy & Stone PLC (MCS) Given Average Rating of “Buy” by Brokerages

McCarthy & Stone PLC (LON:MCS) has received an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 197.75 ($2.68).

Several equities research analysts recently commented on MCS shares. Deutsche Bank reiterated a “buy” rating and set a GBX 219 ($2.97) price target on shares of McCarthy & Stone in a research note on Monday, December 18th. Peel Hunt restated a “buy” rating and issued a GBX 205 ($2.78) price objective on shares of McCarthy & Stone in a research note on Tuesday, November 14th. Barclays restated an “underweight” rating and issued a GBX 152 ($2.06) price objective on shares of McCarthy & Stone in a research note on Friday, September 22nd. Numis Securities dropped their price objective on shares of McCarthy & Stone from GBX 179 ($2.43) to GBX 164 ($2.22) and set a “hold” rating on the stock in a research note on Tuesday, November 14th. Finally, dropped their price objective on shares of McCarthy & Stone from GBX 179 ($2.43) to GBX 164 ($2.22) and set a “hold” rating on the stock in a research note on Tuesday, November 14th.

In other news, insider John White purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of GBX 158 ($2.14) per share, for a total transaction of £158,000 ($214,266.34).

Shares of McCarthy & Stone (LON:MCS) traded up GBX 0.30 ($0.00) during trading hours on Friday, reaching GBX 145.20 ($1.97). 708,991 shares of the company traded hands, compared to its average volume of 945,536. McCarthy & Stone has a 12-month low of GBX 143.78 ($1.95) and a 12-month high of GBX 199.60 ($2.71). The firm has a market cap of $781.28 and a price-to-earnings ratio of 1,037.14.

McCarthy & Stone (LON:MCS) last announced its quarterly earnings results on Tuesday, November 14th. The company reported GBX 13.80 ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 14 ($0.19) by GBX (0.20) ($0.00). McCarthy & Stone had a return on equity of 15.67% and a net margin of 13.44%. The company had revenue of £660.90 million for the quarter.

The firm also recently disclosed a dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 4th will be paid a GBX 3.60 ($0.05) dividend. The ex-dividend date is Thursday, January 4th. This is a positive change from McCarthy & Stone’s previous dividend of $1.80. This represents a yield of 2.26%.

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McCarthy & Stone Company Profile

McCarthy & Stone plc is a United Kingdom-based retirement house builder. The Company is the parent company of the McCarthy & Stone Group. Its subsidiaries include McCarthy & Stone Retirement Lifestyles Limited and McCarthy & Stone Management Services Limited. Ortus Homes is a trading name of the Company.

Analyst Recommendations for McCarthy & Stone (LON:MCS)

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