Peel Hunt Reiterates “Buy” Rating for McColl's Retail Group (MCLS)

Peel Hunt restated their buy rating on shares of McColl's Retail Group (LON:MCLS) in a research report released on Monday, February 19th. The firm currently has a GBX 325 ($4.49) price target on the stock.

MCLS has been the subject of a number of other reports. Numis Securities restated an add rating and issued a GBX 320 ($4.42) price target on shares of McColl's Retail Group in a report on Monday, December 4th. Liberum Capital restated a buy rating and issued a GBX 300 ($4.14) price target on shares of McColl's Retail Group in a report on Monday, February 19th.

McColl's Retail Group (LON:MCLS) traded up GBX 2 ($0.03) during trading hours on Monday, reaching GBX 245 ($3.38). 31,865 shares of the company’s stock were exchanged, compared to its average volume of 110,249. The firm has a market capitalization of $282.17 and a PE ratio of 2,041.67. McColl's Retail Group has a 1-year low of GBX 181.15 ($2.50) and a 1-year high of GBX 300.75 ($4.16).

The business also recently declared a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, April 19th will be issued a GBX 6.90 ($0.10) dividend. This represents a yield of 2.82%. This is a boost from McColl's Retail Group’s previous dividend of $3.40. The ex-dividend date is Thursday, April 19th.

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About McColl's Retail Group

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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