Marshalls (LON:MSLH) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Marshalls shares crossed above their 200-day moving average, reaching GBX 166.60 before closing at GBX 164.50, compared with the GBX 150.09 average.
• Analyst sentiment remains positive, with three Buy ratings and one Hold rating; the consensus price target is GBX 255.75, despite RBC cutting its target to GBX 165.
• Recent insider buying included purchases by Paul Inman and Justin Lockwood, while Marshalls reported quarterly EPS of GBX 7.30 and expects full-year EPS of approximately GBX 18.23.

Marshalls plc (LON:MSLH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 150.09 and traded as high as GBX 166.60. Marshalls shares last traded at GBX 164.50, with a volume of 395,499 shares changing hands.

Analyst Ratings Changes

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

Marshalls Price Performance

The company has a 50 day moving average of GBX 156.15 and a two-hundred day moving average of GBX 150.09. The firm has a market cap of £415.99 million, a P/E ratio of 29.37, a PEG ratio of 0.17 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 27.09.

Marshalls (LON:MSLH - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported GBX 7.30 EPS for the quarter. Marshalls had a net margin of 3.18% and a return on equity of 3.79%. Sell-side analysts expect that Marshalls plc will post 18.2342758 EPS for the current year.

Insider Activity at Marshalls

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

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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