McCarthy & Stone (MCS) Given Sell Rating at UBS Group

McCarthy & Stone (LON:MCS)‘s stock had its “sell” rating reiterated by research analysts at UBS Group in a report issued on Friday, investing.thisismoney.co.uk reports. They currently have a GBX 125 ($1.63) target price on the stock, up from their prior target price of GBX 102 ($1.33). UBS Group’s price objective suggests a potential downside of 8.36% from the stock’s previous close.

MCS has been the topic of several other research reports. Deutsche Bank restated a “buy” rating on shares of McCarthy & Stone in a report on Friday, September 7th. Peel Hunt restated a “buy” rating and issued a GBX 135 ($1.76) target price on shares of McCarthy & Stone in a report on Thursday, September 6th. Berenberg Bank raised their target price on shares of McCarthy & Stone from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Canaccord Genuity restated a “hold” rating on shares of McCarthy & Stone in a report on Tuesday, September 25th. Finally, Barclays raised their target price on shares of McCarthy & Stone from GBX 93 ($1.22) to GBX 125 ($1.63) and gave the stock an “underweight” rating in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 136.13 ($1.78).

Shares of LON MCS opened at GBX 136.40 ($1.78) on Friday. McCarthy & Stone has a one year low of GBX 130.90 ($1.71) and a one year high of GBX 197.60 ($2.58).

McCarthy & Stone (LON:MCS) last issued its quarterly earnings results on Tuesday, November 13th. The company reported GBX 9.20 ($0.12) EPS for the quarter, missing analysts’ consensus estimates of GBX 9.70 ($0.13) by GBX (0.50) (($0.01)).

About McCarthy & Stone

McCarthy & Stone plc, together with its subsidiaries, operates as a retirement housing market in the United Kingdom. The company builds, sells, and manages retirement developments. It offers retirement living developments, which provides apartments for homeowners aged 60 and over; retirement living plus developments, which are designed for customers aged 70 and over, as well as offers a retirement apartment with management services, domestic assistance, personal care, and additional support; and lifestyle living for customers aged 55 and over.

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Analyst Recommendations for McCarthy & Stone (LON:MCS)

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