Macfarlane Group (LON:MACF) Earns House Stock Rating from Shore Capital

Key Points

• Macfarlane Group's stock was reaffirmed with a "house stock" rating by Shore Capital, indicating continued confidence in the company's performance.
• Berenberg Bank lowered its price target for Macfarlane Group from GBX 135 to GBX 120 while still maintaining a "buy" rating on the stock.
• Insider David Stirling recently purchased 15,900 shares of Macfarlane Group stock, indicating potential insider confidence in the company's future performance.

Macfarlane Group (LON:MACF - Get Free Report)'s stock had its "house stock" rating reaffirmed by stock analysts at Shore Capital in a note issued to investors on Wednesday,Digital Look reports.

Separately, Berenberg Bank cut their price target on shares of Macfarlane Group from GBX 135 to GBX 120 and set a "buy" rating on the stock in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Macfarlane Group currently has an average rating of "Buy" and an average target price of GBX 120.

Macfarlane Group Stock Performance

Shares of Macfarlane Group stock traded down GBX 13.20 during trading hours on Wednesday, reaching GBX 74. The company had a trading volume of 9,848,015 shares, compared to its average volume of 473,031. Macfarlane Group has a one year low of GBX 67 and a one year high of GBX 122. The business has a fifty day simple moving average of GBX 92.96 and a 200 day simple moving average of GBX 101.86. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79. The firm has a market cap of £116.99 million, a PE ratio of 9.83 and a beta of 0.68.

Macfarlane Group (LON:MACF - Get Free Report) last posted its quarterly earnings results 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, analysts anticipate that Macfarlane Group will post 7.4677529 earnings per share for the current fiscal year.

Insider Transactions at Macfarlane Group

In other news, insider David Stirling bought 15,900 shares of the firm's stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of GBX 94 per share, with a total value of £14,946. Company insiders own 2.39% of the company's stock.

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.

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