Macfarlane Group PLC (LON:MACF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 147.50 ($1.85) and last traded at GBX 143 ($1.80), with a volume of 66136 shares changing hands. The stock had previously closed at GBX 143 ($1.80).
Analyst Ratings Changes
Several research firms have recently weighed in on MACF. Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a report on Thursday, February 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 145 ($1.82) price objective on shares of Macfarlane Group in a research report on Thursday, February 29th.
Check Out Our Latest Report on Macfarlane Group
Macfarlane Group Price Performance
The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 37.83. The stock has a market capitalization of £228.23 million, a price-to-earnings ratio of 1,588.89 and a beta of 0.71. The business's 50-day moving average is GBX 134.52 and its two-hundred day moving average is GBX 121.30.
Macfarlane Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th will be paid a GBX 2.65 ($0.03) dividend. This represents a dividend yield of 2.15%. The ex-dividend date is Thursday, May 9th. This is a boost from Macfarlane Group's previous dividend of $0.94. Macfarlane Group's dividend payout ratio (DPR) is presently 4,444.44%.
Insider Buying and Selling
In related news, insider Ivor Gray sold 97,361 shares of Macfarlane Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 134 ($1.68), for a total value of £130,463.74 ($163,878.58). Insiders own 16.70% of the company's stock.
Macfarlane Group Company Profile
(
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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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