McColl’s Retail Group PLC (LON:MCLS) dropped 24.2% during mid-day trading on Monday . The stock traded as low as GBX 87.20 ($1.14) and last traded at GBX 90 ($1.18). Approximately 141,800 shares changed hands during trading, an increase of 29% from the average daily volume of 109,871 shares. The stock had previously closed at GBX 118.75 ($1.55).
MCLS has been the subject of several research reports. Numis Securities raised shares of McColl’s Retail Group to a “buy” rating and lowered their price objective for the stock from GBX 235 ($3.07) to GBX 200 ($2.61) in a research report on Tuesday, September 4th. Liberum Capital reissued a “hold” rating and set a GBX 190 ($2.48) price objective on shares of McColl’s Retail Group in a research report on Tuesday, September 4th. Finally, Peel Hunt restated a “buy” rating on shares of McColl’s Retail Group in a report on Tuesday, September 4th.
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McColl's Retail Group plc operates as a neighborhood retailer in the United Kingdom. The company operates convenience and newsagent stores that offer fruits and vegetables, milk, chilled foods, alcohol, confectionery, tobacco and e-cigarettes, canned and packaged grocery, soft-drinks, non-food, household, hot food-to-go, and newspapers, as well as provides post office and ATM services.
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