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 Macfarlane Group stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost of GBX 94 per share, for a total transaction of £14,946.

Macfarlane Group Stock Down 0.2%

LON:MACF traded down GBX 0.20 during mid-day trading on Friday, hitting GBX 93.40. The stock had a trading volume of 284,493 shares, compared to its average volume of 454,738. The stock has a 50-day simple moving average of GBX 98.29 and a two-hundred day simple moving average of GBX 103.94. The company has a market capitalization of £147.87 million, a PE ratio of 1,240.37 and a beta of 0.68. Macfarlane Group PLC has a twelve month low of GBX 92.40 and a twelve month high of GBX 122. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a report on Thursday, August 28th. Berenberg Bank dropped their price target on shares of Macfarlane Group from GBX 135 to GBX 120 and set a "buy" rating on the stock in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average 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.