Marshalls (LON:MSLH) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Marshalls shares rose above their 200-day moving average of GBX 149.59, reaching GBX 163.80 before last trading at GBX 158 on volume of 540,594 shares.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating. The stock has an average “Moderate Buy” rating and a consensus price target of GBX 255.75.
• Recent insider activity was also positive: executives purchased shares worth approximately £830,912 in total, while insiders collectively own 1.31% of the company.

Shares of Marshalls plc (LON:MSLH - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 149.59 and traded as high as GBX 163.80. Marshalls shares last traded at GBX 158, with a volume of 540,594 shares changing hands.

Wall Street Analysts Forecast Growth

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

Marshalls Stock Performance

The stock has a market capitalization of £399.56 million, a PE ratio of 28.21, a PEG ratio of 0.17 and a beta of 1.27. The business's 50 day moving average is GBX 158.45 and its 200 day moving average is GBX 149.59. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 27.09.

Marshalls (LON:MSLH - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported GBX 7.30 earnings per share (EPS) for the quarter. Marshalls had a net margin of 3.18% and a return on equity of 3.79%. On average, equities research analysts predict that Marshalls plc will post 18.2342758 earnings per share for the current fiscal year.

Insiders Place Their Bets

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