Peel Hunt Reaffirms Buy Rating for Morses Club (LON:MCL)

Morses Club (LON:MCL)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 190 ($2.48) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 72.73% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Shore Capital restated a “hold” rating on shares of Morses Club in a research note on Wednesday, July 24th. FinnCap restated a “corporate” rating on shares of Morses Club in a research note on Thursday.

MCL stock opened at GBX 110 ($1.44) on Thursday. The company has a market cap of $144.05 million and a P/E ratio of 8.94. Morses Club has a 1 year low of GBX 117 ($1.53) and a 1 year high of GBX 185.50 ($2.42). The company has a debt-to-equity ratio of 19.83, a current ratio of 8.95 and a quick ratio of 8.76. The stock’s fifty day moving average price is GBX 123.13 and its 200-day moving average price is GBX 146.07.

In related news, insider Peter Ward bought 200,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average cost of GBX 127 ($1.66) per share, for a total transaction of £254,000 ($331,895.99). Also, insider Leslie Easson sold 75,796 shares of Morses Club stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of GBX 130 ($1.70), for a total value of £98,534.80 ($128,753.17).

About Morses Club

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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