Macfarlane Group (LON:MACF) Sets New 12-Month Low - Here's What Happened

Key Points

• Macfarlane Group PLC's stock reached a new 52-week low at GBX 88.97, before slightly recovering to GBX 89.60, as it traded a volume of 342,981 shares.
• Berenberg Bank downgraded its price target for Macfarlane shares from GBX 135 to GBX 120, while the stock maintains a consensus rating of "Buy."
• Insider David Stirling purchased 15,900 shares at an average price of GBX 94 each, indicating confidence in the company's future despite current stock trends.

Macfarlane Group PLC (LON:MACF - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 88.97 ($1.20) and last traded at GBX 89.60 ($1.21), with a volume of 342981 shares trading hands. The stock had previously closed at GBX 91 ($1.23).

Analyst Ratings Changes

A number of equities research analysts recently commented on MACF shares. Berenberg Bank reduced 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 report on Tuesday, September 2nd. Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 120.

Macfarlane Group Trading Down 1.5%

The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The firm has a market capitalization of £141.65 million, a P/E ratio of 1,189.91 and a beta of 0.68. The company's fifty day moving average is GBX 95.07 and its 200-day moving average is GBX 102.85.

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 net margin of 5.47% and a return on equity of 12.67%. As a group, sell-side analysts anticipate that Macfarlane Group PLC will post 7.4677529 earnings per share for the current fiscal year.

Insider Buying and Selling at Macfarlane Group

In other Macfarlane Group news, insider David Stirling bought 15,900 shares of Macfarlane Group stock in a transaction dated Monday, September 8th. The shares were bought at an average price of GBX 94 per share, with a total value of £14,946. 2.39% of the stock is currently owned by insiders.

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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