McCarthy & Stone (MCS) Stock Rating Reaffirmed by Deutsche Bank

McCarthy & Stone (LON:MCS)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a research note issued to investors on Monday. They presently have a GBX 219 ($2.95) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 28.82% from the company’s current price.

A number of other research firms also recently commented on MCS. Peel Hunt reiterated a “buy” rating and issued a GBX 220 ($2.96) price objective on shares of McCarthy & Stone in a report on Wednesday, September 6th. Numis Securities lowered their price target on McCarthy & Stone from GBX 179 ($2.41) to GBX 164 ($2.21) and set a “hold” rating for the company in a report on Tuesday, November 14th. Canaccord Genuity lowered their price target on McCarthy & Stone from GBX 187 ($2.52) to GBX 185 ($2.49) and set a “buy” rating for the company in a report on Wednesday, November 15th. lowered their price target on McCarthy & Stone from GBX 179 ($2.41) to GBX 164 ($2.21) and set a “hold” rating for the company in a report on Tuesday, November 14th. Finally, Barclays restated an “underweight” rating and issued a GBX 152 ($2.05) price target on shares of McCarthy & Stone in a report on Friday, September 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 197.75 ($2.66).

Shares of McCarthy & Stone (LON:MCS) opened at GBX 170 ($2.29) on Monday. McCarthy & Stone has a fifty-two week low of GBX 143.90 ($1.94) and a fifty-two week high of GBX 199.60 ($2.69).

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

In other McCarthy & Stone news, insider John White purchased 100,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of GBX 158 ($2.13) per share, for a total transaction of £158,000 ($212,651.41).

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