Morses Club PLC (MCL) Receives New Coverage from Analysts at FinnCap

FinnCap started coverage on shares of Morses Club PLC (LON:MCL) in a research note released on Tuesday morning. The firm issued a corporate rating and a GBX 175 ($2.31) price objective on the stock.

A number of other analysts have also commented on the stock. Numis Securities Ltd reduced their price objective on shares of Morses Club PLC from GBX 149 ($1.97) to GBX 138 ($1.82) and set an add rating for the company in a research note on Monday, July 3rd. Shore Capital reaffirmed a hold rating on shares of Morses Club PLC in a research note on Tuesday, July 4th. Finally, Beaufort Securities upped their price objective on shares of Morses Club PLC from GBX 155 ($2.05) to GBX 165 ($2.18) and gave the company a buy rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 157 ($2.07).

Shares of Morses Club PLC (LON:MCL) traded up 1.04% during midday trading on Tuesday, hitting GBX 133.00. 44,224 shares of the stock were exchanged. Morses Club PLC has a one year low of GBX 101.22 and a one year high of GBX 161.25. The stock’s 50-day moving average price is GBX 139.72 and its 200 day moving average price is GBX 131.41. The stock’s market cap is GBX 172.24 million.

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The company also recently disclosed a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 28th will be paid a dividend of GBX 2.20 ($0.03) per share. This represents a yield of 1.59%. The ex-dividend date is Thursday, December 28th.

About Morses Club PLC

Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.

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