McCarthy & Stone (LON:MCS) had its price target lowered by equities researchers at Deutsche Bank from GBX 189 ($2.52) to GBX 165 ($2.20) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 52.50% from the company’s current price.
A number of other research firms have also recently issued reports on MCS. Barclays reaffirmed an “underweight” rating and issued a GBX 136 ($1.81) price target on shares of McCarthy & Stone in a report on Wednesday, March 14th. Numis Securities reissued a “hold” rating and set a GBX 135 ($1.80) price objective on shares of McCarthy & Stone in a report on Wednesday, March 7th. Peel Hunt reissued a “buy” rating and set a GBX 185 ($2.46) price objective on shares of McCarthy & Stone in a report on Tuesday, March 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 165 ($2.20) price objective on shares of McCarthy & Stone in a report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 167.57 ($2.23).
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McCarthy & Stone stock opened at GBX 108.20 ($1.44) on Wednesday. McCarthy & Stone has a 12-month low of GBX 130.90 ($1.74) and a 12-month high of GBX 197.60 ($2.63).
McCarthy & Stone (LON:MCS) last released its quarterly earnings results on Wednesday, April 11th. The company reported GBX 1.70 ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 1.80 ($0.02) by GBX (0.10) ($0.00). McCarthy & Stone had a net margin of 13.44% and a return on equity of 15.67%.
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.