Macfarlane Group (LON:MACF) Earns “Hold” Rating from Berenberg Bank

Macfarlane Group (LON:MACF – Get Free Report)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 82 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 9.53% from the company’s previous close.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Macfarlane Group currently has an average rating of “Hold” and an average price target of GBX 82.

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Macfarlane Group Stock Up 0.9%

Shares of LON MACF opened at GBX 74.86 on Friday. The company’s 50-day simple moving average is GBX 69.22 and its 200-day simple moving average is GBX 67.88. Macfarlane Group has a 52-week low of GBX 59.80 and a 52-week high of GBX 99. The firm has a market cap of £116.27 million, a price-to-earnings ratio of 18.81 and a beta of 0.54. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 74.12.

Macfarlane Group (LON:MACF – Get Free Report) last released its earnings results on Thursday, August 27th. The company reported GBX 2.22 EPS for the quarter. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%. Equities analysts predict that Macfarlane Group will post 7.4677529 EPS for the current fiscal year.

About Macfarlane Group

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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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.

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