Marshalls (LON:MSLH) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Marshalls shares crossed above their 200-day moving average, reaching GBX 165.30 before last trading at GBX 163.10 on volume of 1.12 million shares.
• Analyst sentiment remains positive, with three Buy ratings and one Hold rating; the consensus price target is GBX 255.75, despite RBC lowering its target to GBX 165.
• Recent results included quarterly EPS of GBX 7.30, while insiders bought shares, including a 547,000-share purchase by Justin Lockwood and a smaller purchase by Paul Inman.

Marshalls plc (LON:MSLH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.97 and traded as high as GBX 165.30. Marshalls shares last traded at GBX 163.10, with a volume of 1,124,115 shares.

Analysts Set New Price Targets

MSLH has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price target on shares of Marshalls from GBX 170 to GBX 165 and set a "sector perform" rating for the company in a report on Tuesday, August 11th. Berenberg Bank restated a "buy" rating and set a GBX 360 price objective on shares of Marshalls in a research report on Tuesday, August 11th. Peel Hunt restated a "buy" rating and set a GBX 250 price objective on shares of Marshalls in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 248 target price on shares of Marshalls in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Marshalls presently has an average rating of "Moderate Buy" and a consensus target price of GBX 255.75.

Marshalls Stock Down 1.2%

The company has a debt-to-equity ratio of 27.09, a quick ratio of 1.34 and a current ratio of 1.80. The stock's fifty day simple moving average is GBX 152.80 and its two-hundred day simple moving average is GBX 149.97. The stock has a market capitalization of £412.46 million, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 0.17 and a beta of 1.27.

Marshalls (LON:MSLH - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported GBX 7.30 earnings per share (EPS) for the quarter. Marshalls had a net margin of 3.18% and a return on equity of 3.79%. As a group, research analysts expect that Marshalls plc will post 18.2342758 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Justin Lockwood bought 547,000 shares of the business's stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of GBX 151 per share, with a total value of £825,970. Also, insider Paul Inman purchased 2,873 shares of Marshalls stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of GBX 172 per share, for a total transaction of £4,941.56. Corporate insiders own 1.31% of the company's stock.

Marshalls Company Profile

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. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.

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