Peel Hunt Reaffirms "Buy" Rating for McColl's Retail Group PLC (MCLS)

Mccoll's Retail Group Plc

Mccoll's Retail Group Plc

McColl's Retail Group PLC (LON:MCLS)'s stock had its "buy" rating reaffirmed by equities researchers at Liberum Capital in a report released on Friday, July 7th. The firm now has a buy rating on the stock. Liberum Capital's target price would suggest a potential upside of 15.38% from the company's previous close.

A number of other research analysts have also commented on the company. Liberum Capital increased their target price on shares of McColl's Retail Group PLC from GBX 225 ($2.93) to GBX 240 ($3.13) and gave the stock a "buy" rating in a report on Wednesday, April 19th. Numis Securities Ltd restated a buy rating and set a GBX 240 ($3.13) price objective on shares of McColl's Retail Group PLC in a research note on Tuesday, May 23rd. 8,476 shares of the company's stock traded hands. The firm's 50-day moving average is GBX 202.32 and its 200-day moving average is GBX 193.44. McColl's Retail Group PLC has a 1-year low of GBX 145.00 and a 1-year high of GBX 210.00. The company's market cap is GBX 239.56 million.

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"We remain confident that our standing as a leading neighbourhood retailer will allow us to continue to achieve further progress against our strategy and deliver sustainable returns for shareholders".

McColl's Retail Group plc is a neighborhood retailer.

The convenience store operator said pretax profit in the 26 weeks ended May 28 almost halved to GBP4.5 million from GBP8.2 million the year before, as it booked higher exceptional items and finance expenses related to its GBP117.0 million acquisition of 298 Co-op stores last year.

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