Macfarlane Group (LON:MACF) Insider Buys £14,946 in Stock

Macfarlane Group PLC (LON:MACF) insider David Stirling purchased 15,900 shares of the business’s stock in a transaction on Monday, September 8th. The stock was purchased at an average price of GBX 94 per share, for a total transaction of £14,946.

Macfarlane Group Stock Up 0.2%

Shares of LON:MACF opened at GBX 93.60 on Thursday. The business’s 50 day simple moving average is GBX 99.07 and its two-hundred day simple moving average is GBX 104.16. The firm has a market cap of £148.18 million, a P/E ratio of 1,243.03 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. Macfarlane Group PLC has a 52-week low of GBX 93 and a 52-week high of GBX 122.

Macfarlane Group (LON:MACF) last announced its quarterly earnings results on Thursday, August 28th. The company reported GBX 2.32 earnings per share (EPS) for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. As a group, research analysts forecast that Macfarlane Group PLC will post 7.4677529 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MACF. Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a report on Thursday, August 28th. Berenberg Bank dropped their target price on Macfarlane Group from GBX 135 to GBX 120 and set a “buy” rating on the stock in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 120.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.