McCarthy & Stone (MCS) Given “Buy” Rating at Canaccord Genuity

McCarthy & Stone (LON:MCS)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 165 ($2.33) price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 23.41% from the stock’s current price.

A number of other equities research analysts have also weighed in on MCS. Peel Hunt decreased their price objective on shares of McCarthy & Stone from GBX 185 ($2.61) to GBX 170 ($2.40) and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank reiterated a “buy” rating on shares of McCarthy & Stone in a report on Friday, April 6th. Barclays reiterated an “underweight” rating and set a GBX 136 ($1.92) price objective on shares of McCarthy & Stone in a report on Wednesday, March 14th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 135 ($1.91) price objective on shares of McCarthy & Stone in a report on Wednesday, March 7th. 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 stock. McCarthy & Stone presently has a consensus rating of “Hold” and a consensus price target of GBX 177 ($2.50).

MCS stock opened at GBX 133.70 ($1.89) on Wednesday. McCarthy & Stone has a 12 month low of GBX 130.90 ($1.85) and a 12 month high of GBX 197.60 ($2.79).



McCarthy & Stone (LON:MCS) last released its quarterly earnings results on Wednesday, April 11th. The company reported GBX 1.70 ($0.02) EPS for the quarter, missing analysts’ consensus estimates of GBX 1.80 ($0.03) by GBX (0.10) ($0.00). McCarthy & Stone had a return on equity of 15.67% and a net margin of 13.44%.

In related news, insider John Tonkiss acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was bought at an average price of GBX 135 ($1.91) per share, for a total transaction of £13,500 ($19,081.27).

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About McCarthy & Stone

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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