Marshalls (LON:MSLH) Shares Cross Above Two Hundred Day Moving Average of $259.66

Marshalls plc (LON:MSLH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 259.66 ($3.23) and traded as high as GBX 272.50 ($3.39). Marshalls shares last traded at GBX 270.50 ($3.37), with a volume of 806,802 shares.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Marshalls to a “buy” rating and upped their target price for the stock from GBX 320 ($3.98) to GBX 420 ($5.23) in a research note on Wednesday, January 31st.

Marshalls Stock Down 0.9 %

The firm has a 50 day simple moving average of GBX 284.49 and a two-hundred day simple moving average of GBX 259.80. The company has a quick ratio of 1.34, a current ratio of 1.87 and a debt-to-equity ratio of 39.31. The stock has a market capitalization of £679.22 million, a P/E ratio of 3,835.71, a PEG ratio of 0.17 and a beta of 1.17.

Marshalls Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 5.70 ($0.07) per share. The ex-dividend date is Thursday, June 6th. This is a boost from Marshalls’s previous dividend of $2.60. This represents a yield of 1.96%. Marshalls’s dividend payout ratio is presently 11,428.57%.

Insider Activity

In other news, insider Simon Bourne sold 25,479 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 265 ($3.30), for a total value of £67,519.35 ($84,052.47). 3.14% of the stock is owned by corporate insiders.

About Marshalls

Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.