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Home / Support and Resistance / McCarthy & Stone (MCS.L) 14-11-19

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

McCarthy & Stone (MCS.L) 14-11-19

Are McCarthy & Stone (MCS.L) about to break below the 135p support zone, or recover again to 158p highs? (+16%)

 

  • The share price is close to 135p support. Shares are 136.22p (at time of writing).
  • The support has proven robust to date. Will it stand firm this time?
  • The shares have touched this level numerous times.
  • Check our website and news outlets for updates. Fundamental developments can affect the strength of support levels.
  • Shares -14% from 12-month highs; +10% from 12 month lows.

Latest News

07 Nov:  Jefferies International reiterates its buy rating on McCarthy Stone Plc (MCS) and reduced the target price to 166p (from 175p).

07 Nov:  McCarthy & Stone, the UK developer, stated that revenue for the year is anticipated at £720m for the financial year to the end of October (14 months).

25 Oct:  UBS reiterates its sell rating on McCarthy Stone Plc (MCS) and increased the target price to 130p (from 125p).

27 Sep:  Jefferies International reiterates its buy rating on McCarthy Stone Plc (MCS) and increased the target price to 175p (from 149p).

04 Sep:  Deutsche Bank today initiates coverage of McCarthy Stone Plc (MCS) with a hold rating and target price of 137p.

12 Aug:  Rowan Baker, Executive Director, bought 1,319 shares in the firm on the 8th August 2019 at a price of 136.50p. This Director currently has 16,449 shares.

31 Jul:  McCarthy & Stone announced that it had reach the end of its partnership with Somerset Care in its 92 extra-care retirement developments.

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

 

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