Numis Securities Ltd Cuts Morses Club PLC (LON:MCL) Price Target to GBX 138

Morses Club PLC (LON:MCL) had its price target cut by research analysts at Numis Securities Ltd from GBX 149 ($1.94) to GBX 138 ($1.80) in a research note issued to investors on Monday, July 3rd. The firm presently has an “add” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 12.42% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Morses Club PLC in a report on Thursday, May 4th. Beaufort Securities reiterated a “buy” rating and set a GBX 155 ($2.02) target price on shares of Morses Club PLC in a report on Friday, April 28th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 150 ($1.95) target price on shares of Morses Club PLC in a report on Thursday, April 27th.

Morses Club PLC (MCL) traded down 4.47% during midday trading on Monday, reaching GBX 122.75. The company had a trading volume of 54,067 shares. The firm has a 50-day moving average price of GBX 128.24 and a 200-day moving average price of GBX 123.90. Morses Club PLC has a 52 week low of GBX 100.00 and a 52 week high of GBX 139.06. The company’s market capitalization is GBX 158.96 million.

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Morses Club PLC Company Profile

Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.

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