Macfarlane Group (LON:MACF) Stock Rating Reaffirmed by Shore Capital

Macfarlane Group (LON:MACF)‘s stock had its “house stock” rating restated by investment analysts at Shore Capital in a research report issued to clients and investors on Tuesday, MarketBeat reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 145 ($1.82) price objective on shares of Macfarlane Group in a research note on Thursday, February 29th.

Macfarlane Group Price Performance

LON MACF opened at GBX 126 ($1.58) on Tuesday. The business’s fifty day moving average price is GBX 136.51 and its 200-day moving average price is GBX 122.87. The stock has a market capitalization of £201.10 million, a price-to-earnings ratio of 1,400.00 and a beta of 0.71. The company has a debt-to-equity ratio of 37.83, a current ratio of 1.19 and a quick ratio of 0.79. Macfarlane Group has a 1-year low of GBX 98.38 ($1.24) and a 1-year high of GBX 147.50 ($1.85).

Insiders Place Their Bets

In other Macfarlane Group news, insider Ivor Gray sold 97,361 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 134 ($1.68), for a total value of £130,463.74 ($163,899.17). 16.70% of the stock is currently owned by company insiders.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.