McCarthy & Stone (LON:MCS) Receives Buy Rating from Canaccord Genuity

McCarthy & Stone (LON:MCS)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Wednesday, April 11th. They currently have a GBX 165 ($2.36) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 21.15% from the company’s previous close.

MCS has been the subject of a number of other research reports. Peel Hunt dropped their price objective on shares of McCarthy & Stone from GBX 185 ($2.65) to GBX 170 ($2.43) and set a “buy” rating for the company in a report on Wednesday, April 11th. Deutsche Bank reiterated a “buy” rating on shares of McCarthy & Stone in a report on Friday, April 6th. Barclays lowered their price target on shares of McCarthy & Stone from GBX 152 ($2.18) to GBX 144 ($2.06) and set an “underweight” rating for the company in a report on Monday, February 5th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 135 ($1.93) price target on shares of McCarthy & Stone in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 177 ($2.53).

How to Become a New Pot Stock Millionaire

Shares of MCS stock opened at GBX 136.20 ($1.95) on Wednesday. McCarthy & Stone has a 12 month low of GBX 130.90 ($1.87) and a 12 month high of GBX 197.60 ($2.83).

McCarthy & Stone (LON:MCS) last issued its earnings results on Wednesday, April 11th. The company reported GBX 1.70 ($0.02) EPS for the quarter, missing analysts’ consensus estimates of GBX 1.80 ($0.03) by GBX (0.10) ($0.00). McCarthy & Stone had a return on equity of 15.67% and a net margin of 13.44%.

In related news, insider John Tonkiss bought 10,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of GBX 135 ($1.93) per share, for a total transaction of £13,500 ($19,329.90).

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2018/04/22/canaccord-genuity-reiterates-buy-rating-for-mccarthy-stone-mcs.html.

About McCarthy & Stone

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)

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

Leave a Reply