Morses Club (MCL) Given New GBX 145 Price Target at Shore Capital

Morses Club (LON:MCL) had its target price cut by Shore Capital from GBX 170 ($2.22) to GBX 145 ($1.89) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.

MCL has been the subject of several other reports. Peel Hunt reiterated a buy rating on shares of Morses Club in a research note on Thursday, February 28th. FinnCap reiterated a corporate rating on shares of Morses Club in a research note on Thursday, January 31st.

MCL opened at GBX 165 ($2.16) on Wednesday. The company has a quick ratio of 8.76, a current ratio of 8.95 and a debt-to-equity ratio of 19.83. Morses Club has a 1 year low of GBX 125 ($1.63) and a 1 year high of GBX 185.50 ($2.42). The firm has a market capitalization of $214.16 million and a P/E ratio of 13.41.

The company also recently announced a dividend, which will be paid on Friday, July 26th. Investors of record on Thursday, June 27th will be paid a GBX 5.20 ($0.07) dividend. This is a boost from Morses Club’s previous dividend of $2.60. This represents a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 27th. Morses Club’s payout ratio is currently 0.57%.

Morses Club Company Profile

Morses Club PLC, together with its subsidiaries, provides home collected credit services in the United Kingdom. It offers small cash loans between £100 and £1000. The company offers consumer credit through a network of 98 branches and approximately 2,030 self-employed agents, as well as online channels.

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