Macfarlane Group (LON:MACF) Trading 1% Higher - Still a Buy?

Key Points

• Macfarlane Group PLC's stock increased by 1% to GBX 96.60 ($1.30) during Monday's trading, with trading volume rising 72% compared to its average session.
• Shore Capital has reaffirmed a "house stock" rating for Macfarlane Group, indicating confidence in the company's growth prospects.
• The company's market capitalization stands at £152.73 million, with a price-to-earnings ratio of 10.36, signaling potential for value investment.

Macfarlane Group PLC (LON:MACF - Get Free Report) traded up 1% during trading on Monday . The stock traded as high as GBX 96.60 ($1.30) and last traded at GBX 96.60 ($1.30). 786,255 shares were traded during trading, an increase of 72% from the average session volume of 457,934 shares. The stock had previously closed at GBX 95.60 ($1.29).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a research report on Thursday, July 10th.

Macfarlane Group Stock Performance

The company has a market capitalization of £152.73 million, a price-to-earnings ratio of 10.36 and a beta of 0.68. The stock has a 50-day moving average price of GBX 104.55 and a 200-day moving average price of GBX 105.14. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79.

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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