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).
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).
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.
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