Macfarlane Group (LON:MACF) Hits New 12-Month Low After Analyst Downgrade

Key Points

• Macfarlane Group PLC's stock hit a new 52-week low of GBX 93 ($1.25) after Berenberg Bank downgraded its price target from GBX 135 to GBX 120.
• Despite the downgrade, Berenberg Bank maintains a buy rating on the stock, which currently has an average target price of GBX 120.
• The company reported a quarterly EPS of GBX 2.32 and has a market capitalization of £147.25 million, with a PE ratio of 954.83.

Macfarlane Group PLC (LON:MACF - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 135 to GBX 120. Berenberg Bank currently has a buy rating on the stock. Macfarlane Group traded as low as GBX 93 ($1.25) and last traded at GBX 93 ($1.25), with a volume of 368526 shares changing hands. The stock had previously closed at GBX 95.20 ($1.28).

Separately, Shore Capital reiterated a "house stock" rating on shares of Macfarlane Group in a research note on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 120.

Macfarlane Group Stock Down 0.4%

The firm has a market capitalization of £148.50 million, a P/E ratio of 1,245.68 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The stock has a 50 day moving average of GBX 100.50 and a 200-day moving average of GBX 104.42.

Macfarlane Group (LON:MACF - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported GBX 2.32 earnings per share (EPS) for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. Research analysts predict that Macfarlane Group PLC will post 7.4677529 earnings per share 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.