McCarthy & Stone plc (MCS) Price Target Cut to GBX 164 by Analysts at Numis Securities Ltd

McCarthy & Stone plc (LON:MCS) had its price target cut by analysts at Numis Securities Ltd from GBX 179 ($2.35) to GBX 164 ($2.16) in a report released on Tuesday. The brokerage presently has a “hold” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 3.60% from the stock’s current price.

A number of other equities research analysts have also weighed in on MCS. Deutsche Bank AG reaffirmed a “buy” rating on shares of McCarthy & Stone plc in a research report on Monday, July 17th. Canaccord Genuity decreased their target price on McCarthy & Stone plc from GBX 195 ($2.56) to GBX 187 ($2.46) and set a “buy” rating for the company in a research report on Monday, August 7th. Peel Hunt reaffirmed a “buy” rating and set a GBX 220 ($2.89) target price on shares of McCarthy & Stone plc in a research report on Wednesday, September 6th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 152 ($2.00) target price on shares of McCarthy & Stone plc in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. McCarthy & Stone plc currently has a consensus rating of “Buy” and an average price target of GBX 204.63 ($2.69).

McCarthy & Stone plc (MCS) opened at GBX 158.30 ($2.08) on Tuesday. McCarthy & Stone plc has a 1-year low of GBX 143.90 ($1.89) and a 1-year high of GBX 199.60 ($2.63).

McCarthy & Stone plc (LON:MCS) last issued its earnings results on Tuesday, November 14th. The company reported GBX 13.80 ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 14 ($0.18) by GBX (0.20) ($0.00). The firm had revenue of £660.90 million for the quarter. McCarthy & Stone plc had a net margin of 7.39% and a return on equity of 5.04%.

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