Macfarlane Group (LON:MACF) Reaches New 52-Week Low - Should You Sell?

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.

Shares of Macfarlane Group PLC (LON:MACF - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as GBX 92.40 ($1.25) and last traded at GBX 93.60 ($1.27), with a volume of 957824 shares trading hands. The stock had previously closed at GBX 93.60 ($1.27).

Analyst Upgrades and Downgrades

MACF has been the topic of a number of recent analyst reports. Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a research note on Thursday, August 28th. Berenberg Bank cut their price target on Macfarlane Group from GBX 135 to GBX 120 and set a "buy" rating for the company in a report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 120.

Macfarlane Group Stock Performance

The firm has a fifty day moving average price of GBX 99.07 and a two-hundred day moving average price of GBX 104.16. 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 stock has a market capitalization of £148.18 million, a PE ratio of 1,243.03 and a beta of 0.68.

Macfarlane Group (LON:MACF - Get Free Report) last released its 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%. Research analysts expect that Macfarlane Group PLC will post 7.4677529 EPS for the current year.

Insiders Place Their Bets

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

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