Marshalls (LON:MSLH) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reiterated its "buy" rating for Marshalls (MSLH), setting a price objective of GBX 360 ($4.84), suggesting a potential upside of 77.02% from the previous close.
• Marshalls' stock opened at GBX 203.37 ($2.73) and has a market capitalization of £511.57 million, alongside a PE ratio of 23.75.
• Insider Justin Lockwood purchased 5,000 shares at an average price of GBX 203, indicating confidence in the company's stock performance.

Marshalls (LON:MSLH - Get Free Report)'s stock had its "buy" rating reissued by Berenberg Bank in a report released on Monday, Marketbeat reports. They presently have a GBX 360 ($4.87) price target on the stock. Berenberg Bank's target price suggests a potential upside of 90.27% from the company's previous close.

Several other equities research analysts also recently commented on MSLH. Royal Bank Of Canada lowered their price objective on shares of Marshalls from GBX 370 ($5.01) to GBX 240 ($3.25) and set a "sector perform" rating for the company in a research note on Monday, July 28th. Peel Hunt reissued a "buy" rating and issued a GBX 290 ($3.92) price objective on shares of Marshalls in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 420 ($5.68) price objective on shares of Marshalls in a report on Monday, July 28th.

Marshalls Price Performance

MSLH stock traded down GBX 3 ($0.04) during mid-day trading on Monday, hitting GBX 189.20 ($2.56). The company had a trading volume of 770,976 shares, compared to its average volume of 1,330,989. The company has a market capitalization of £475.93 million, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.17 and a beta of 1.26. Marshalls has a 12-month low of GBX 187.99 ($2.54) and a 12-month high of GBX 366 ($4.95). The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 33.19. The company has a 50-day moving average price of GBX 247.07 and a 200 day moving average price of GBX 255.73.

Marshalls (LON:MSLH - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported GBX 6.60 ($0.09) earnings per share for the quarter. Marshalls had a net margin of 3.46% and a return on equity of 3.32%. On average, research analysts anticipate that Marshalls will post 18.2342758 earnings per share for the current year.

Insider Buying and Selling at Marshalls

In related news, insider Justin Lockwood acquired 5,000 shares of Marshalls stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of GBX 203 ($2.75) per share, for a total transaction of £10,150 ($13,732.92). Also, insider Matt Pullen bought 7,734 shares of the company's stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of GBX 206 ($2.79) per share, for a total transaction of £15,932.04 ($21,556.00). 2.73% of the stock is currently owned by corporate insiders.

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.