James Lancaster Sells 11,399,500 Shares of McColl's Retail Group PLC (MCLS) Stock
McColl's Retail Group PLC (LON:MCLS) insider James Lancaster sold 11,399,500 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of GBX 295 ($3.91), for a total value of £33,628,525 ($44,606,081.71).
Shares of McColl's Retail Group PLC (LON MCLS) opened at 279.75 on Friday. McColl's Retail Group PLC has a one year low of GBX 165.00 and a one year high of GBX 300.75. The firm’s market capitalization is GBX 322.19 million. The company’s 50 day moving average price is GBX 276.51 and its 200 day moving average price is GBX 225.25.
The business also recently announced a dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 3.40 ($0.05) per share. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 10th.
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Several research firms have recently weighed in on MCLS. Beaufort Securities reissued a “hold” rating on shares of McColl's Retail Group PLC in a report on Monday, September 4th. Peel Hunt reissued a “buy” rating and issued a GBX 325 ($4.31) price objective on shares of McColl's Retail Group PLC in a report on Thursday, August 31st. Numis Securities Ltd downgraded McColl's Retail Group PLC to an “add” rating and set a GBX 300 ($3.98) price objective for the company. in a report on Thursday, August 31st. Finally, Liberum Capital increased their price objective on McColl's Retail Group PLC from GBX 240 ($3.18) to GBX 300 ($3.98) and gave the company a “buy” rating in a report on Thursday, August 31st.
McColl's Retail Group PLC Company Profile
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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