Shares of Macfarlane Group PLC (LON:MACF – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 80.23 and traded as low as GBX 79.50. Macfarlane Group shares last traded at GBX 79.60, with a volume of 286,016 shares traded.
Wall Street Analyst Weigh In
MACF has been the subject of several research analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, August 27th. Berenberg Bank restated a “hold” rating and issued a GBX 82 target price on shares of Macfarlane Group in a research note on Friday, August 28th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 82.
Check Out Our Latest Research Report on MACF
Macfarlane Group Price Performance
The business has a fifty day moving average price of GBX 80.23 and a 200-day moving average price of GBX 71.17. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 73.35. The stock has a market capitalization of £125.43 million, a PE ratio of 20.95 and a beta of 0.52.
Macfarlane Group (LON:MACF – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported GBX 2.22 EPS for the quarter. Macfarlane Group had a return on equity of 5.10% and a net margin of 2.01%. Research analysts expect that Macfarlane Group PLC will post 7.47 EPS for the current fiscal year.
About Macfarlane Group
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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