Macfarlane Group (LON:MACF) Insider Buys £14,946 in Stock

Key Points

• Insider David Stirling purchased 15,900 shares of Macfarlane Group stock for a total of £14,946 at an average price of GBX 94 per share.
• Macfarlane Group reported a net margin of 5.47% and a return on equity of 12.67%, with analysts expecting earnings per share of approximately 7.47 for the current fiscal year.
• Several analysts lowered their price target for Macfarlane Group to GBX 120, while maintaining a consensus rating of "Buy".

Macfarlane Group PLC (LON:MACF - Get Free Report) insider David Stirling bought 15,900 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of GBX 94 per share, with a total value of £14,946.

Macfarlane Group Trading Up 0.9%

MACF stock opened at GBX 94.01 on Tuesday. 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 firm has a fifty day moving average price of GBX 100.01 and a 200 day moving average price of GBX 104.31. The firm has a market cap of £148.84 million, a PE ratio of 1,248.53 and a beta of 0.68. Macfarlane Group PLC has a fifty-two week low of GBX 93 and a fifty-two 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 net margin of 5.47% and a return on equity of 12.67%. Sell-side analysts anticipate that Macfarlane Group PLC will post 7.4677529 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Berenberg Bank dropped their price objective on shares of Macfarlane Group from GBX 135 to GBX 120 and set a "buy" rating for the company in a research note on Tuesday, September 2nd. Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 120.

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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