Marshalls plc (LON:MSLH – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 149.59 and traded as high as GBX 163.80. Marshalls shares last traded at GBX 158, with a volume of 540,594 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 360 target price on shares of Marshalls in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 248 price target on shares of Marshalls in a research note on Tuesday, August 11th. Royal Bank Of Canada lowered their price objective on shares of Marshalls from GBX 170 to GBX 165 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 250 target price on shares of Marshalls in a report on Monday, August 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 255.75.
Check Out Our Latest Research Report on Marshalls
Marshalls Stock Up 1.3%
Marshalls (LON:MSLH – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported GBX 7.30 earnings per share (EPS) for the quarter. Marshalls had a net margin of 3.18% and a return on equity of 3.79%. Equities research analysts anticipate that Marshalls plc will post 18.2342758 EPS for the current year.
Insider Buying and Selling
In other Marshalls news, insider Justin Lockwood purchased 547,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was bought at an average price of GBX 151 per share, with a total value of £825,970. Also, insider Paul Inman purchased 2,873 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of GBX 172 per share, with a total value of £4,941.56. Insiders own 1.31% of the company’s stock.
About Marshalls
Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.
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