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Home / Ranges / McCarthy & Stone (MCS.L) 03-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

McCarthy & Stone (MCS.L) 03-03-20

McCarthy & Stone (MCS.L) shares are rangebound. Will it break support, or will it continue within the range and return to highs of 158p? (+14%)

 

  • Currently trading around the 135p bottom of the range. Now at 136.4p (at time of writing).
  • The range has proven reliable until now. Will the pattern continue?
  • The price has traded within this range for a significant period. However, key levels can be broken.
  • Will we continue in this range, rebounding again to recent highs of 158p? (+14%).
  • News and developments can disrupt trading patterns. Check news channels regularly, act accordingly.
  • Shares -14% from 12-month highs; +10% from 12 month lows.

Latest News

20 Feb:  HSBC reiterates its buy rating on McCarthy Stone Plc (MCS) and increased the target price to 190p (from 160p).

05 Feb:  Jefferies International has downgraded its rating on McCarthy Stone Plc (MCS) to hold (from hold).

04 Feb:  UBS reiterates its sell rating on McCarthy Stone Plc (MCS) and increased the target price to 132p (from 125p).

03 Feb:  Jefferies International has downgraded its rating on McCarthy Stone Plc (MCS) to hold (from buy) and reduced the target price to 168p (from 171p).

29 Jan:  Deutsche Bank reiterates its buy rating on McCarthy Stone Plc (MCS) and increased the target price to 170p (from 154p).

28 Jan:  McCarthy & Stone, the retirement home developer and manager, announced a 25% decline in end of year profit, blaming a challenging environment and strategic amendments.

14 Jan:  Deutsche Bank has upgraded its rating on McCarthy Stone Plc (MCS) to buy (from hold) and increased the target price to 154p (from 137p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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