Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 145 ($1.84) and last traded at GBX 145 ($1.84), with a volume of 83021 shares trading hands. The stock had previously closed at GBX 144 ($1.82).
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on MACF. Berenberg Bank reaffirmed a "buy" rating and set a GBX 145 ($1.84) target price on shares of Macfarlane Group in a research report on Thursday, February 29th. Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a report on Thursday, February 29th.
Read Our Latest Analysis on MACF
Macfarlane Group Trading Up 0.7 %
The stock has a market cap of £231.42 million, a P/E ratio of 1,611.11 and a beta of 0.71. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19. The stock has a 50-day moving average price of GBX 130.04 and a 200-day moving average price of GBX 118.11.
Macfarlane Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 2.65 ($0.03) per share. This represents a dividend yield of 2.15%. The ex-dividend date is Thursday, May 9th. This is an increase from Macfarlane Group's previous dividend of $0.94. Macfarlane Group's dividend payout ratio (DPR) is 4,444.44%.
Insider Activity
In related news, insider Ivor Gray sold 97,361 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 134 ($1.70), for a total value of £130,463.74 ($165,123.07). Corporate insiders own 17.46% of the company's stock.
About Macfarlane Group
(
Get Free Report)
Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.
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