Morses Club Plc (MCL) Insider Patrick Storey Buys 23,148 Shares

Morses Club Plc (LON:MCL) insider Patrick Storey bought 23,148 shares of the stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of GBX 135 ($1.82) per share, with a total value of £31,249.80 ($42,058.95).

Shares of Morses Club Plc (LON:MCL) opened at GBX 134 ($1.80) on Wednesday. Morses Club Plc has a 12 month low of GBX 101.22 ($1.36) and a 12 month high of GBX 161.25 ($2.17).

The business also recently disclosed a dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, December 28th will be paid a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 1.59%.

Several research firms have commented on MCL. Shore Capital reaffirmed a “buy” rating on shares of Morses Club in a research note on Tuesday. Beaufort Securities reaffirmed a “buy” rating and issued a GBX 155 ($2.09) target price on shares of Morses Club in a research note on Monday, August 21st. FinnCap began coverage on shares of Morses Club in a research note on Tuesday, October 31st. They issued a “corporate” rating and a GBX 175 ($2.36) target price for the company. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 138 ($1.86) target price on shares of Morses Club in a research note on Friday, August 18th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 157 ($2.11).

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Morses Club 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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