Patrick Storey Purchases 23,148 Shares of Morses Club Plc (MCL) Stock

Morses Club Plc (LON:MCL) insider Patrick Storey purchased 23,148 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of GBX 135 ($1.82) per share, with a total value of £31,249.80 ($42,058.95).

Shares of Morses Club Plc (LON MCL) opened at GBX 132.25 ($1.78) on Thursday. Morses Club Plc has a 52 week low of GBX 101.22 ($1.36) and a 52 week high of GBX 161.25 ($2.17).

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. The ex-dividend date is Thursday, December 28th. This represents a yield of 1.59%.

Several equities analysts recently weighed in on MCL shares. Numis Securities restated an “add” rating and issued a GBX 138 ($1.86) price target on shares of Morses Club in a research note on Friday, August 18th. Beaufort Securities restated a “buy” rating and issued a GBX 155 ($2.09) price target on shares of Morses Club in a research note on Monday, August 21st. Shore Capital restated a “buy” rating on shares of Morses Club in a research note on Thursday, August 31st. Finally, FinnCap started coverage on Morses Club in a research note on Tuesday, October 31st. They issued a “corporate” rating and a GBX 175 ($2.36) price target for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 157 ($2.11).

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About Morses Club

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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