McCarthy & Stone (LON:MCS) had its price objective trimmed by Peel Hunt from GBX 185 ($2.61) to GBX 170 ($2.40) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the stock.
Several other analysts also recently commented on the stock. Deutsche Bank restated a buy rating on shares of McCarthy & Stone in a research report on Friday, April 6th. Barclays restated an underweight rating and set a GBX 136 ($1.92) price objective on shares of McCarthy & Stone in a research report on Wednesday, March 14th. Finally, Numis Securities restated a hold rating and set a GBX 135 ($1.91) price objective on shares of McCarthy & Stone in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. McCarthy & Stone has an average rating of Hold and a consensus price target of GBX 177 ($2.50).
MCS stock opened at GBX 133.10 ($1.88) on Wednesday. McCarthy & Stone has a 12-month low of GBX 130.90 ($1.85) and a 12-month high of GBX 197.60 ($2.79).
McCarthy & Stone (LON:MCS) last announced its quarterly earnings data on Wednesday, April 11th. The company reported GBX 1.70 ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 1.80 ($0.03) by GBX (0.10) ($0.00). McCarthy & Stone had a net margin of 13.44% and a return on equity of 15.67%.
The company also recently disclosed a dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 3rd will be given a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a dividend yield of 1.44%.
In related news, insider John Tonkiss purchased 10,000 shares of McCarthy & Stone stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of GBX 135 ($1.91) per share, for a total transaction of £13,500 ($19,081.27).
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About McCarthy & Stone
McCarthy & Stone plc is a United Kingdom-based retirement house builder. The Company is the parent company of the McCarthy & Stone Group. Its subsidiaries include McCarthy & Stone Retirement Lifestyles Limited and McCarthy & Stone Management Services Limited. Ortus Homes is a trading name of the Company.
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