FinnCap reissued their corporate rating on shares of Morses Club (LON:MCL) in a research report sent to investors on Thursday. FinnCap currently has a GBX 175 ($2.44) price target on the stock.
Other equities analysts have also recently issued research reports about the company. Peel Hunt reiterated a buy rating and issued a GBX 165 ($2.30) price target on shares of Morses Club in a report on Thursday. Shore Capital reiterated a buy rating on shares of Morses Club in a report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 156.50 ($2.18).
Shares of LON:MCL opened at GBX 147 ($2.05) on Thursday. Morses Club has a twelve month low of GBX 105 ($1.46) and a twelve month high of GBX 161.25 ($2.25).
Morses Club (LON:MCL) last posted its quarterly earnings results on Thursday, April 26th. The company reported GBX 11.70 ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 11.20 ($0.16) by GBX 0.50 ($0.01). Morses Club had a return on equity of 16.68% and a net margin of 9.38%.
The company also recently declared a dividend, which will be paid on Friday, July 27th. Investors of record on Thursday, June 28th will be issued a GBX 4.80 ($0.07) dividend. This is a boost from Morses Club’s previous dividend of $2.20. The ex-dividend date of this dividend is Thursday, June 28th. This represents a yield of 3.42%.
In related news, insider Peter Ward sold 18,361,360 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of GBX 130 ($1.81), for a total value of £23,869,768 ($33,291,168.76).
Morses Club Company Profile
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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