Macfarlane Group (LON:MACF) Reaches New 12-Month Low - Here's Why

Key Points

• Macfarlane Group's stock has hit a new 12-month low, trading at GBX 91 ($1.22), down from a previous close of GBX 92 ($1.23).
• Analysts have adjusted their target price for Macfarlane Group from GBX 135 to GBX 120 but maintain a consensus "Buy" rating.
• Insider David Stirling purchased 15,900 shares at an average price of GBX 94, reflecting confidence in the company's future performance.

Macfarlane Group PLC (LON:MACF - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as GBX 91 ($1.22) and last traded at GBX 91 ($1.22), with a volume of 174183 shares traded. The stock had previously closed at GBX 92 ($1.23).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MACF shares. Berenberg Bank lowered their target price 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. Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Macfarlane Group presently has a consensus rating of "Buy" and a consensus target price of GBX 120.

Macfarlane Group Stock Down 1.1%

The company has a market capitalization of £144.07 million, a price-to-earnings ratio of 1,208.50 and a beta of 0.68. The stock's fifty day simple moving average is GBX 96.19 and its two-hundred day simple moving average is GBX 103.37. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79.

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

Insiders Place Their Bets

In other news, insider David Stirling bought 15,900 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of GBX 94 per share, with a total value of £14,946. 2.12% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.