Macfarlane Group (LON:MACF) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Macfarlane Group shares fell below their 50-day moving average, reaching GBX 79.50 and last trading at GBX 79.60, compared with a 50-day average of GBX 80.23.
• Analyst sentiment remains neutral: the consensus rating is Hold, with a GBX 82 price target.
• The company reported quarterly EPS of GBX 2.22; analysts forecast full-year EPS of GBX 7.47.

Macfarlane Group PLC (LON:MACF - Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 80.23 and traded as low as GBX 79.50. Macfarlane Group shares last traded at GBX 79.60, with a volume of 286,016 shares trading hands.

Analysts Set New Price Targets

MACF has been the topic of a number of recent research reports. Shore Capital Group restated a "house stock" rating on shares of Macfarlane Group in a research note on Thursday, August 27th. Berenberg Bank reiterated a "hold" rating and issued a GBX 82 price objective on shares of Macfarlane Group in a research note on Friday, August 28th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 82.

Macfarlane Group Stock Performance

The business has a 50 day moving average of GBX 80.23 and a 200-day moving average of GBX 71.17. The company has a market capitalization of £125.43 million, a P/E ratio of 20.95 and a beta of 0.52. The company has a debt-to-equity ratio of 73.35, a quick ratio of 0.79 and a current ratio of 0.98.

Macfarlane Group (LON:MACF - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported GBX 2.22 EPS for the quarter. Macfarlane Group had a return on equity of 5.10% and a net margin of 2.01%. On average, sell-side analysts predict that Macfarlane Group PLC will post 7.47 EPS for the current fiscal year.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.

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