Macfarlane Group (LON:MACF) Reaches New 52-Week Low - What's Next?

Key Points

• Macfarlane Group shares reached a new 52-week low, trading at GBX 92.40 ($1.25) with a significant trading volume of 957,824 shares.
• Analysts' consensus rating for Macfarlane Group is currently a "Buy" with an average price target of GBX 120, despite Berenberg Bank recently lowering their price target from GBX 135.
• Insider David Stirling recently purchased 15,900 shares at an average price of GBX 94, indicating confidence from within the company.

Macfarlane Group PLC (LON:MACF - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 92.40 ($1.26) and last traded at GBX 93.60 ($1.28), with a volume of 957824 shares traded. The stock had previously closed at GBX 93.60 ($1.28).

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a research report on Thursday, August 28th. Berenberg Bank reduced their price objective on 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, Based on data from MarketBeat.com, Macfarlane Group has a consensus rating of "Buy" and a consensus price target of GBX 120.

Macfarlane Group Stock Performance

The firm has a market capitalization of £148.50 million, a price-to-earnings ratio of 1,245.68 and a beta of 0.68. 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 50 day moving average price of GBX 97.33 and a 200-day moving average price of GBX 103.81.

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

Insiders Place Their Bets

In other Macfarlane Group news, insider David Stirling purchased 15,900 shares of the business's stock in a transaction on Monday, September 8th. The shares were bought at an average cost of GBX 94 per share, for a total transaction of £14,946. 2.12% of the stock is currently 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.