McCarthy & Stone PLC (MCS) Reaches New 1-Year Low at $151.70

McCarthy & Stone PLC (LON:MCS)’s share price hit a new 52-week low on Monday . The stock traded as low as GBX 151.70 ($1.96) and last traded at GBX 154.90 ($2.00), with a volume of 562,038 shares traded. The stock had previously closed at GBX 158 ($2.04).

A number of brokerages have recently commented on MCS. Deutsche Bank AG raised their price objective on shares of McCarthy & Stone PLC from GBX 212 ($2.74) to GBX 215 ($2.78) and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Numis Securities Ltd began coverage on shares of McCarthy & Stone PLC in a research note on Thursday, June 1st. They set a “hold” rating and a GBX 197 ($2.54) price objective on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 225 ($2.91) price objective on shares of McCarthy & Stone PLC in a research note on Thursday, June 22nd. Jefferies Group LLC raised their price objective on shares of McCarthy & Stone PLC from GBX 265 ($3.42) to GBX 288 ($3.72) and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, Barclays PLC cut shares of McCarthy & Stone PLC to an “underweight” rating and dropped their price objective for the stock from GBX 182 ($2.35) to GBX 160 ($2.07) in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 204.78 ($2.64).

The company’s market cap is GBX 832.28 million. The stock’s 50 day moving average price is GBX 164.94 and its 200-day moving average price is GBX 178.29.

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