McCarthy & Stone (MCS) Price Target Raised to GBX 125

McCarthy & Stone (LON:MCS) had its price objective upped by Barclays from GBX 93 ($1.22) to GBX 125 ($1.63) in a report published on Tuesday morning. They currently have an underweight rating on the stock.

MCS has been the subject of a number of other reports. Canaccord Genuity reiterated a hold rating on shares of McCarthy & Stone in a research report on Tuesday, September 25th. UBS Group reiterated a sell rating and set a GBX 102 ($1.33) price objective on shares of McCarthy & Stone in a research report on Thursday, September 6th. Peel Hunt upped their price objective on shares of McCarthy & Stone from GBX 150 ($1.96) to GBX 160 ($2.09) and gave the stock a buy rating in a research report on Tuesday, November 13th. Deutsche Bank upped their price objective on shares of McCarthy & Stone from GBX 165 ($2.16) to GBX 168 ($2.20) and gave the stock a buy rating in a research report on Thursday, August 30th. Finally, Berenberg Bank upped their price objective on shares of McCarthy & Stone from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the stock a hold rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 133.25 ($1.74).

Shares of McCarthy & Stone stock opened at GBX 137.50 ($1.80) on Tuesday. McCarthy & Stone has a fifty-two week low of GBX 130.90 ($1.71) and a fifty-two week high of GBX 197.60 ($2.58).

McCarthy & Stone (LON:MCS) last issued its quarterly earnings results on Tuesday, November 13th. The company reported GBX 9.20 ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 9.70 ($0.13) by GBX (0.50) (($0.01)).

The business also recently disclosed a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 3rd will be given a dividend of GBX 3.50 ($0.05) per share. This represents a yield of 2.56%. This is a boost from McCarthy & Stone’s previous dividend of $1.90. The ex-dividend date is Thursday, January 3rd.

About McCarthy & Stone

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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Analyst Recommendations for McCarthy & Stone (LON:MCS)

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