Berenberg Bank Lowers Macfarlane Group (LON:MACF) Price Target to GBX 120

Key Points

• Berenberg Bank has lowered the price target for Macfarlane Group from GBX 135 to GBX 120, while maintaining a "buy" rating, indicating a potential upside of 28.04% from its previous close.
• The stock currently holds an average rating of "Buy" among analysts, with a consensus price target also set at GBX 120.
• As of recently, Macfarlane Group's shares opened at GBX 93.72, and the company has a market capitalization of £148.39 million.

Macfarlane Group (LON:MACF - Get Free Report) had its price target lowered by Berenberg Bank from GBX 135 to GBX 120 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 27.93% from the stock's previous close.

Separately, Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 120.

Macfarlane Group Stock Performance

MACF traded down GBX 0.40 during mid-day trading on Tuesday, reaching GBX 93.80. 434,766 shares of the company traded hands, compared to its average volume of 446,528. The stock has a market capitalization of £148.52 million, a P/E ratio of 1,245.68 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58. The company's fifty day moving average price is GBX 100.50 and its 200-day moving average price is GBX 104.42. Macfarlane Group has a 52-week low of GBX 93 and a 52-week high of GBX 122.

Macfarlane Group (LON:MACF - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported GBX 2.32 EPS for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. On average, sell-side analysts expect that Macfarlane Group will post 7.4677529 EPS for the current year.

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.