Macfarlane Group (LON:MACF) Receives House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Macfarlane Group (LON:MACF) in a research note released on Wednesday morning, Marketbeat.com reports.

Separately, Berenberg Bank dropped their price target on shares of Macfarlane Group from GBX 135 to GBX 120 and set a “buy” rating for the company in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 120.

Macfarlane Group Price Performance

Shares of MACF opened at GBX 72.78 on Wednesday. Macfarlane Group has a 1-year low of GBX 67 and a 1-year high of GBX 122. The stock has a market cap of £115.06 million, a PE ratio of 9.67 and a beta of 0.68. The firm has a 50-day simple moving average of GBX 92.46 and a two-hundred day simple moving average of GBX 101.64. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79.

Macfarlane Group (LON:MACF) last announced its quarterly earnings results on Thursday, August 28th. The company reported GBX 2.32 earnings per share for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. As a group, analysts forecast that Macfarlane Group will post 7.4677529 EPS for the current year.

Insider Activity at Macfarlane Group

In other Macfarlane Group news, insider David Stirling acquired 15,900 shares of the stock in a transaction dated Monday, September 8th. The stock was acquired at an average price of GBX 94 per share, with a total value of £14,946. Insiders own 2.39% of the company’s stock.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.