Morses Club (MCL) Price Target Cut to GBX 145 by Analysts at Shore Capital
Morses Club (LON:MCL) had its price target lowered by investment analysts at Shore Capital from GBX 170 ($2.22) to GBX 145 ($1.89) in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “hold” rating on the stock. Shore Capital’s price objective would suggest a potential downside of 9.09% from the stock’s previous close.
Several other brokerages also recently commented on MCL. Peel Hunt restated a “buy” rating on shares of Morses Club in a research note on Friday, February 22nd. FinnCap restated a “corporate” rating on shares of Morses Club in a research note on Tuesday, February 26th.
Shares of LON MCL opened at GBX 159.50 ($2.08) on Wednesday. Morses Club has a 52 week low of GBX 125 ($1.63) and a 52 week high of GBX 185.50 ($2.42). The company has a quick ratio of 8.76, a current ratio of 8.95 and a debt-to-equity ratio of 19.83. The stock has a market capitalization of $207.02 million and a price-to-earnings ratio of 12.97.
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.
Further Reading: Portfolio Manager
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.