Membership Collective Group (MCG) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Membership Collective Group in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MCG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCG, but not buy additional shares or sell existing shares.
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5 brokerages have issued 12-month price objectives for Membership Collective Group's stock. Their MCG share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's stock price to reach $6.83 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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Membership Collective Group's stock was trading at $3.74 at the beginning of the year. Since then, MCG shares have increased by 74.1% and is now trading at $6.51.
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Membership Collective Group Inc. (NYSE:MCG) issued its quarterly earnings data on Tuesday, November, 16th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.51. The firm earned $179.56 million during the quarter, compared to analysts' expectations of $176.39 million. Membership Collective Group had a negative net margin of 25.47% and a negative trailing twelve-month return on equity of 450.95%.

(MCG) raised $450 million in an initial public offering on Thursday, July 15th 2021. The company issued 30,000,000 shares at a price of $14.00-$16.00 per share.

Membership Collective Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCG."

Membership Collective Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Citadel Advisors LLC (0.00%), Barclays PLC (0.01%), Barclays PLC (0.01%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Andrew Carnie, Goldman Sachs Group Inc, Humera Afzal, Mark Ein, Martin Kuczmarski and Richard Caring.
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Shares of MCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCG stock can currently be purchased for approximately $6.51.

Membership Collective Group (NYSE:MCG) has a market capitalization of $380.31 million and generates $972.21 million in revenue each year. The company earns $-220,580,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis.

The company employs 7,714 workers across the globe.

The official website for the company is www.membershipcollectivegroup.com. The company can be reached via phone at 44-0-20-7851-2300 or via email at ir@membershipcollectivegroup.com.