Marshalls (LON:MSLH) Price Target Lowered to GBX 360 at Berenberg Bank

Key Points

• Berenberg Bank has lowered its price target for Marshalls from GBX 420 to GBX 360, while maintaining a "buy" rating, indicating a potential upside of 70.87% from the stock's previous close.
• Royal Bank of Canada has also reduced its target price for Marshalls from GBX 370 to GBX 240, now assigning a "sector perform" rating for the company.
• Marshalls shares opened at GBX 210.69 on Monday, marking a significant low of GBX 197.40 and a high of GBX 366 over the past year.

Marshalls (LON:MSLH - Get Free Report) had its price target reduced by equities researchers at Berenberg Bank from GBX 420 ($5.64) to GBX 360 ($4.84) in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective would indicate a potential upside of 70.87% from the stock's previous close.

Separately, Royal Bank Of Canada reduced their target price on shares of Marshalls from GBX 370 ($4.97) to GBX 240 ($3.22) and set a "sector perform" rating for the company in a research note on Monday.

Marshalls Price Performance

Shares of Marshalls stock opened at GBX 210.69 ($2.83) on Monday. The firm has a fifty day moving average price of GBX 269.11 and a two-hundred day moving average price of GBX 260.48. Marshalls has a fifty-two week low of GBX 197.40 ($2.65) and a fifty-two week high of GBX 366 ($4.92). The company has a debt-to-equity ratio of 33.19, a current ratio of 1.86 and a quick ratio of 1.34. The company has a market cap of £529.99 million, a PE ratio of 24.61, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls' strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership.

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