Marshalls (LON:MSLH) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Marshalls shares rose above their 200-day moving average, reaching GBX 153.60 and closing at GBX 152, compared with the 200-day average of GBX 149.09.
• Analysts remain broadly positive: three rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average target price of GBX 255.75.
• Recent insider activity was supportive, including purchases by Paul Inman and Justin Lockwood; insiders collectively own 1.31% of Marshalls’ shares.

Marshalls plc (LON:MSLH - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 149.09 and traded as high as GBX 153.60. Marshalls shares last traded at GBX 152, with a volume of 7,427,709 shares changing hands.

Analyst Ratings Changes

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

Marshalls Stock Performance

The business has a 50-day moving average price of GBX 159.35 and a 200-day moving average price of GBX 149.09. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 27.09. The firm has a market capitalization of £384.39 million, a price-to-earnings ratio of 19.00, a P/E/G ratio of 0.17 and a beta of 1.28.

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

Insider Transactions at Marshalls

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

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

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