M.D.C. Holdings – Consensus Indicates Potential 14.5% Upside

Broker Ratings

M.D.C. Holdings with ticker code (MDC) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 73 and 39 with a mean TP of 57.83. Now with the previous closing price of 50.49 this would imply there is a potential upside of 14.5%. The 50 day moving average now sits at 45.9 and the 200 day moving average is 36.72. The market cap for the company is $3,211m. Visit the company website at: http://www.richmondamerican.com

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M.D.C. Holdings, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, Washington, Oregon, Colorado, Utah, Virginia, Maryland, and Florida. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.

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