Marshalls (LON:MSLH) Shares Down 20.6% - Here's Why

Key Points

• Marshalls plc's share price experienced a significant decline, dropping 20.6% during trading, reaching a low of GBX 197.40 ($2.65).
• The trading volume surged to approximately 10.39 million shares, marking a 666% increase compared to the average daily volume.
• Despite the downturn, Marshalls has a current ratio of 1.86 and a market capitalization of £527 million.

Marshalls plc (LON:MSLH - Get Free Report) shares traded down 20.6% during trading on Saturday . The stock traded as low as GBX 197.40 ($2.64) and last traded at GBX 209.50 ($2.80). 10,387,320 shares were traded during mid-day trading, an increase of 666% from the average session volume of 1,356,226 shares. The stock had previously closed at GBX 264 ($3.53).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSLH shares. Berenberg Bank cut their target price on Marshalls from GBX 420 ($5.61) to GBX 360 ($4.81) and set a "buy" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 420 ($5.61) target price on shares of Marshalls in a research note on Monday. Royal Bank Of Canada decreased their price target on Marshalls from GBX 370 ($4.94) to GBX 240 ($3.21) and set a "sector perform" rating for the company in a research note on Monday. Finally, Peel Hunt reissued a "buy" rating and set a GBX 290 ($3.87) price objective on shares of Marshalls in a research report on Friday.

Marshalls Price Performance

The company has a market cap of £510.65 million, a P/E ratio of 23.71, a PEG ratio of 0.17 and a beta of 1.26. The company has a fifty day moving average price of GBX 267.41 and a two-hundred day moving average price of GBX 260.07. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.34 and a current ratio of 1.86.

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.