Marshalls (LON:MSLH) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Marshalls shares rose above their 200-day moving average, reaching GBX 175.90 and last trading at GBX 173.50, compared with a 200-day average of GBX 151.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating; the consensus price target is GBX 255.75 versus the recent trading price.
• The company reported quarterly EPS of GBX 7.30, while insider Paul Inman purchased 2,873 shares at GBX 172 each, worth approximately £4,942.

Shares of Marshalls plc (LON:MSLH - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 151 and traded as high as GBX 175.90. Marshalls shares last traded at GBX 173.50, with a volume of 2,094,594 shares.

Wall Street Analysts Forecast Growth

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

Marshalls Stock Performance

The company has a debt-to-equity ratio of 27.09, a current ratio of 1.80 and a quick ratio of 1.34. The stock's 50-day simple moving average is GBX 163.07 and its 200 day simple moving average is GBX 151. The stock has a market capitalization of £438.76 million, a P/E ratio of 21.69, a PEG ratio of 0.17 and a beta of 1.28.

Marshalls (LON:MSLH - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported GBX 7.30 EPS for the quarter. Marshalls had a return on equity of 3.79% and a net margin of 3.18%. Research analysts expect that Marshalls plc will post 18.23 EPS for the current fiscal year.

Insider Buying and Selling at Marshalls

In related news, insider Paul Inman acquired 2,873 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of GBX 172 per share, with a total value of £4,941.56. 1.31% 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. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.

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