McCarthy & Stone PLC (MCS) Price Target Cut to GBX 218
McCarthy & Stone PLC (LON:MCS) had its price target lowered by equities researchers at Goldman Sachs Group Inc. from GBX 227 ($2.84) to GBX 218 ($2.72) in a research report issued on Sunday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 25.50% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity increased their price objective on shares of McCarthy & Stone PLC from GBX 185 ($2.31) to GBX 190 ($2.37) and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank AG increased their price objective on shares of McCarthy & Stone PLC from GBX 216 ($2.70) to GBX 219 ($2.74) and gave the stock a “hold” rating in a research note on Wednesday. Peel Hunt restated a “buy” rating and set a GBX 235 ($2.94) price objective on shares of McCarthy & Stone PLC in a research note on Tuesday, October 11th. Finally, Jefferies Group reduced their price objective on shares of McCarthy & Stone PLC from GBX 249 ($3.11) to GBX 246 ($3.07) and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 227.10 ($2.84).
McCarthy & Stone PLC (LON:MCS) opened at 173.70 on Friday. McCarthy & Stone PLC has a 52 week low of GBX 129.36 and a 52 week high of GBX 295.00. The company’s 50-day moving average price is GBX 169.24 and its 200 day moving average price is GBX 186.76. The company’s market capitalization is GBX 892.47 million.
The company also recently announced a dividend, which will be paid on Wednesday, February 1st. Investors of record on Thursday, January 5th will be paid a GBX 3.50 ($0.04) dividend. This is an increase from McCarthy & Stone PLC’s previous dividend of $1.00. This represents a yield of 2.08%. The ex-dividend date is Thursday, January 5th.
About McCarthy & Stone PLC
Mccarthy & Stone Plc is a United Kingdom-based retirement house builder of privately owned properties. The Company offers Retirement Living for over 60s, in which its services include taking care of homeowners’ lounge, landscaped gardens, guest suite and chores like gardening and exterior maintenance.
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