Marshalls (LON:MSLH) Shares Down 20.6% - Should You Sell?

Key Points

• Marshalls plc shares fell by 20.6% during trading, reaching as low as GBX 197.40 ($2.65), significantly down from a previous close of GBX 264 ($3.55).
• Trading volume surged to 10,387,320 shares, marking a 666% increase compared to the average session volume of 1,356,226 shares.
• The company has a market capitalization of £527 million and key financial ratios include a debt-to-equity ratio of 33.19 and a PE ratio of 24.47.

Shares of Marshalls plc (LON:MSLH - Get Free Report) dropped 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). Approximately 10,387,320 shares changed hands during mid-day trading, an increase of 666% from the average daily volume of 1,356,226 shares. The stock had previously closed at GBX 264 ($3.53).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Berenberg Bank dropped their target price on shares of Marshalls from GBX 420 ($5.61) to GBX 360 ($4.81) and set a "buy" rating on the stock in a report on Monday. Royal Bank Of Canada dropped their target price on shares of Marshalls from GBX 370 ($4.94) to GBX 240 ($3.21) and set a "sector perform" rating on the stock in a report on Monday. Peel Hunt reiterated a "buy" rating and set a GBX 290 ($3.87) target price on shares of Marshalls in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 420 ($5.61) target price on shares of Marshalls in a report on Monday.

Marshalls Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 33.19. The stock has a market capitalization of £510.58 million, a PE ratio of 23.71, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26. The firm's fifty day moving average price is GBX 265.64 and its two-hundred day moving average price is GBX 259.72.

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.