Shares of Morses Club (LON:MCL) have received a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 158.60 ($2.23).
A number of research analysts have issued reports on MCL shares. Peel Hunt reiterated a “buy” rating and set a GBX 165 ($2.32) price target on shares of Morses Club in a research report on Thursday, March 1st. Shore Capital reiterated a “buy” rating on shares of Morses Club in a research report on Wednesday, January 31st. Finally, FinnCap reiterated a “corporate” rating and set a GBX 175 ($2.46) price target on shares of Morses Club in a research report on Thursday, March 1st.
MCL stock traded up GBX 0.25 ($0.00) during trading on Thursday, reaching GBX 129.75 ($1.82). 16,351 shares of the company’s stock were exchanged, compared to its average volume of 65,298. Morses Club has a 1-year low of GBX 105 ($1.47) and a 1-year high of GBX 161.25 ($2.26).
In other news, insider Peter Ward sold 18,361,360 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of GBX 130 ($1.82), for a total value of £23,869,768 ($33,506,131.39).
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About Morses Club
Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.
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