McCarthy & Stone (LON:MCS) had its target price raised by equities research analysts at Peel Hunt from GBX 135 ($1.76) to GBX 150 ($1.95) in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 17.22% from the stock’s current price.
MCS has been the subject of a number of other research reports. Barclays upped their target price on McCarthy & Stone from GBX 92 ($1.20) to GBX 93 ($1.21) and gave the stock an “underweight” rating in a research report on Wednesday, September 12th. UBS Group reaffirmed a “sell” rating and set a GBX 102 ($1.33) target price on shares of McCarthy & Stone in a research report on Thursday, September 6th. Jefferies Financial Group cut McCarthy & Stone to a “hold” rating and decreased their target price for the stock from GBX 267 ($3.48) to GBX 116 ($1.51) in a research report on Wednesday, June 20th. Numis Securities decreased their target price on McCarthy & Stone from GBX 135 ($1.76) to GBX 110 ($1.43) and set a “hold” rating for the company in a research report on Wednesday, June 20th. Finally, Deutsche Bank decreased their target price on McCarthy & Stone from GBX 189 ($2.46) to GBX 165 ($2.15) and set a “buy” rating for the company in a research report on Wednesday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 130.89 ($1.70).
Shares of McCarthy & Stone stock opened at GBX 127.96 ($1.67) on Tuesday. McCarthy & Stone has a 12-month low of GBX 130.90 ($1.71) and a 12-month high of GBX 197.60 ($2.57).
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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