Morses Club PLC (MCL) Given Add Rating at Numis Securities Ltd
Morses Club PLC (LON:MCL)‘s stock had its “add” rating restated by equities researchers at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 130 ($1.61) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 3.59% from the company’s previous close.
A number of other equities research analysts have also weighed in on MCL. Panmure Gordon reaffirmed a “buy” rating and set a GBX 125 ($1.55) target price on shares of Morses Club PLC in a research report on Thursday, September 1st. Beaufort Securities initiated coverage on Morses Club PLC in a research report on Friday, September 2nd. They set a “buy” rating and a GBX 135 ($1.67) target price for the company.
Shares of Morses Club PLC (LON:MCL) opened at 122.00 on Thursday. The company’s 50 day moving average price is GBX 125.06 and its 200 day moving average price is GBX 108.39. Morses Club PLC has a 52-week low of GBX 84.00 and a 52-week high of GBX 135.28. The stock’s market capitalization is GBX 157.99 million.
The company also recently announced a dividend, which was paid on Friday, November 18th. Shareholders of record on Thursday, October 20th were given a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 1.75%. The ex-dividend date was Thursday, October 20th.
In related news, insider Peter Ward purchased 75,000 shares of Morses Club PLC stock in a transaction dated Thursday, October 13th. The stock was purchased at an average cost of GBX 129 ($1.60) per share, with a total value of £96,750 ($120,022.33).
About Morses Club PLC
Morses Club PLC is a United Kingdom-based non-standard consumer finance company. The Company is focused on the home collected credit market. The Company markets a range of loan products through a combination of traditional and online marketing channels. The Company is focused on the home collected credit market.
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