McCarthy & Stone (MCS) Hits New 1-Year Low Following Analyst Downgrade
McCarthy & Stone PLC (LON:MCS) hit a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from GBX 152 to GBX 144. Barclays currently has an underweight rating on the stock. McCarthy & Stone traded as low as GBX 140 ($1.96) and last traded at GBX 144 ($2.02), with a volume of 4190000 shares trading hands. The stock had previously closed at GBX 144 ($2.02).
Several other brokerages also recently commented on MCS. Numis Securities dropped their target price on McCarthy & Stone from GBX 179 ($2.51) to GBX 164 ($2.30) and set a “hold” rating on the stock in a report on Tuesday, November 14th. Canaccord Genuity lowered their price objective on McCarthy & Stone from GBX 187 ($2.62) to GBX 185 ($2.59) and set a “buy” rating for the company in a research note on Wednesday, November 15th. Deutsche Bank restated a “buy” rating on shares of McCarthy & Stone in a research note on Thursday, November 23rd. Peel Hunt lowered their price objective on McCarthy & Stone from GBX 205 ($2.87) to GBX 185 ($2.59) and set a “buy” rating for the company in a research note on Wednesday, January 24th. Finally, lowered their price objective on McCarthy & Stone from GBX 179 ($2.51) to GBX 164 ($2.30) and set a “hold” rating for the company in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 190.57 ($2.67).
In other McCarthy & Stone news, insider John White acquired 100,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of GBX 158 ($2.22) per share, for a total transaction of £158,000 ($221,536.74).
McCarthy & Stone (LON:MCS) last issued its earnings results on Tuesday, November 14th. The company reported GBX 13.80 ($0.19) EPS for the quarter, missing the consensus estimate of GBX 14 ($0.20) by GBX (0.20) ($0.00). The firm had revenue of £660.90 million during the quarter. McCarthy & Stone had a return on equity of 15.67% and a net margin of 13.44%.
The company also recently announced a dividend, which was paid on Thursday, February 1st. Stockholders of record on Thursday, January 4th were given a GBX 3.60 ($0.05) dividend. This is a positive change from McCarthy & Stone’s previous dividend of $1.80. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend yield of 2.26%.
McCarthy & Stone Company Profile
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.
Receive News & Ratings for McCarthy & Stone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCarthy & Stone and related companies with MarketBeat.com's FREE daily email newsletter.