McCarthy & Stone (MCS) Price Target Raised to GBX 125 at Barclays
McCarthy & Stone (LON:MCS) had its price target hoisted by Barclays from GBX 93 ($1.22) to GBX 125 ($1.63) in a report released on Tuesday morning. Barclays currently has an underweight rating on the stock.
MCS has been the subject of a number of other research reports. Canaccord Genuity reiterated a hold rating on shares of McCarthy & Stone in a research note on Tuesday, September 25th. UBS Group reiterated a sell rating and issued a GBX 102 ($1.33) target price on shares of McCarthy & Stone in a research note on Thursday, September 6th. Peel Hunt increased their target price on McCarthy & Stone from GBX 150 ($1.96) to GBX 160 ($2.09) and gave the company a buy rating in a research note on Tuesday, November 13th. Deutsche Bank increased their target price on McCarthy & Stone from GBX 165 ($2.16) to GBX 168 ($2.20) and gave the company a buy rating in a research note on Thursday, August 30th. Finally, Berenberg Bank increased their target price on McCarthy & Stone from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the company a hold rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 133.25 ($1.74).
McCarthy & Stone stock opened at GBX 135.60 ($1.77) on Tuesday. McCarthy & Stone has a 12 month low of GBX 130.90 ($1.71) and a 12 month high of GBX 197.60 ($2.58).
The firm also recently disclosed a dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, January 3rd will be paid a dividend of GBX 3.50 ($0.05) per share. This represents a yield of 2.56%. The ex-dividend date is Thursday, January 3rd. This is a positive change from McCarthy & Stone’s previous dividend of $1.90.
About McCarthy & Stone
McCarthy & Stone plc, together with its subsidiaries, operates as a retirement housing market in the United Kingdom. The company builds, sells, and manages retirement developments. It offers retirement living developments, which provides apartments for homeowners aged 60 and over; retirement living plus developments, which are designed for customers aged 70 and over, as well as offers a retirement apartment with management services, domestic assistance, personal care, and additional support; and lifestyle living for customers aged 55 and over.
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