Morses Club (LON:MCL) Given “Buy” Rating at Peel Hunt

Peel Hunt restated their buy rating on shares of Morses Club (LON:MCL) in a research report released on Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 190 ($2.48) price objective on the stock.

A number of other brokerages have also issued reports on MCL. Peel Hunt reiterated a buy rating and issued a GBX 190 ($2.48) target price on shares of Morses Club in a research report on Thursday. Shore Capital reiterated a hold rating on shares of Morses Club in a research report on Thursday. Finally, FinnCap reiterated a corporate rating on shares of Morses Club in a research report on Thursday.

MCL remained flat at $GBX 110 ($1.44) on Thursday. 150,274 shares of the company were exchanged, compared to its average volume of 65,298. The firm has a 50 day moving average of GBX 123.13 and a two-hundred day moving average of GBX 146.07. The stock has a market cap of $144.05 million and a P/E ratio of 8.94. The company has a debt-to-equity ratio of 19.83, a current ratio of 8.95 and a quick ratio of 8.76. Morses Club has a 12-month low of GBX 117 ($1.53) and a 12-month high of GBX 185.50 ($2.42).

The business also recently announced a dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 24th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date is Tuesday, December 24th. This represents a yield of 2.48%. Morses Club’s dividend payout ratio is presently 0.65%.

In related news, insider Leslie Easson sold 75,796 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of GBX 130 ($1.70), for a total value of £98,534.80 ($128,753.17). Also, insider Peter Ward sold 200,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of GBX 126 ($1.65), for a total transaction of £252,000 ($329,282.63).

Morses Club Company Profile

Morses Club PLC, together with its subsidiaries, provides home collected credit services in the United Kingdom. It offers small cash loans between £100 and £1000. The company offers consumer credit through a network of 98 branches and approximately 2,030 self-employed agents, as well as online channels.

Featured Story: Real Estate Investment Trust (REIT) ETF

Receive News & Ratings for Morses Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morses Club and related companies with MarketBeat.com's FREE daily email newsletter.