Today: The McCarthy & Stone PLC (MCS) Coverage Initiated by Analysts at Canaccord Genuity

The McCarthy & Stone PLC (MCS) Coverage Initiated by Analysts at Canaccord Genuity

Canaccord Genuity initiated coverage on shares of McCarthy & Stone PLC (LON:MCS) in a report issued on Tuesday. The firm issued a buy rating and a GBX 185 ($2.29) target price on the stock.

Several other equities analysts have also weighed in on the stock. Deutsche Bank AG restated a hold rating and issued a GBX 256 ($3.17) price objective on shares of McCarthy & Stone PLC in a report on Tuesday, June 28th. Barclays PLC cut their price objective on shares of McCarthy & Stone PLC from GBX 279.40 ($3.46) to GBX 171.70 ($2.13) and set an equal weight rating on the stock in a report on Thursday, July 7th. Jefferies Group restated a buy rating and issued a GBX 249 ($3.08) price objective on shares of McCarthy & Stone PLC in a report on Monday, June 27th. Goldman Sachs Group Inc. restated a neutral rating on shares of McCarthy & Stone PLC in a report on Tuesday, June 28th. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 235 ($2.91) target price on shares of McCarthy & Stone PLC in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 230.53 ($2.85).

McCarthy & Stone PLC (LON:MCS) traded down 1.56% on Tuesday, reaching GBX 170.60. 403,892 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 178.19 and its 200 day moving average price is GBX 202.87. McCarthy & Stone PLC has a 52-week low of GBX 129.36 and a 52-week high of GBX 295.00. The firm’s market capitalization is GBX 876.54 million.

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