Deutsche Bank Reiterates “Buy” Rating for McCarthy & Stone (MCS)

McCarthy & Stone (LON:MCS)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They presently have a GBX 196 ($2.71) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 30.75% from the company’s current price.

A number of other research firms have also issued reports on MCS. Numis Securities lowered their target price on shares of McCarthy & Stone from GBX 179 ($2.47) to GBX 164 ($2.27) and set a “hold” rating on the stock in a research note on Tuesday, November 14th. Canaccord Genuity lowered their target price on shares of McCarthy & Stone from GBX 187 ($2.58) to GBX 185 ($2.56) and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Barclays lowered their target price on shares of McCarthy & Stone from GBX 152 ($2.10) to GBX 144 ($1.99) and set an “underweight” rating on the stock in a research note on Monday, February 5th. Peel Hunt lowered their target price on shares of McCarthy & Stone from GBX 205 ($2.83) to GBX 185 ($2.56) and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, lowered their target price on shares of McCarthy & Stone from GBX 179 ($2.47) to GBX 164 ($2.27) and set a “hold” rating on the stock in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 187.29 ($2.59).

McCarthy & Stone (LON:MCS) opened at GBX 149.90 ($2.07) on Thursday. McCarthy & Stone has a 12 month low of GBX 140 ($1.93) and a 12 month high of GBX 199.60 ($2.76). The stock has a market cap of $810.83 and a price-to-earnings ratio of 1,070.71.

McCarthy & Stone (LON:MCS) last posted its earnings results on Tuesday, November 14th. The company reported GBX 13.80 ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 14 ($0.19) by GBX (0.20) ($0.00). McCarthy & Stone had a net margin of 13.44% and a return on equity of 15.67%. The firm had revenue of £660.90 million during the quarter.

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McCarthy & Stone Company Profile

McCarthy & Stone plc is a United Kingdom-based retirement house builder. The Company is the parent company of the McCarthy & Stone Group. Its subsidiaries include McCarthy & Stone Retirement Lifestyles Limited and McCarthy & Stone Management Services Limited. Ortus Homes is a trading name of the Company.

Analyst Recommendations for McCarthy & Stone (LON:MCS)

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