Marshalls (LON:MSLH) Stock Price Passes Above 200 Day Moving Average of $259.66

Marshalls plc (LON:MSLH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 259.66 ($3.23) and traded as high as GBX 272.50 ($3.39). Marshalls shares last traded at GBX 270.50 ($3.37), with a volume of 806,802 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Marshalls to a “buy” rating and raised their price objective for the stock from GBX 320 ($3.98) to GBX 420 ($5.23) in a research note on Wednesday, January 31st.

Marshalls Stock Performance

The stock has a market capitalization of £684.28 million, a PE ratio of 3,864.29, a P/E/G ratio of 0.17 and a beta of 1.17. The company has a debt-to-equity ratio of 39.31, a quick ratio of 1.34 and a current ratio of 1.87. The firm has a 50 day moving average of GBX 285.14 and a 200-day moving average of GBX 259.66.

Marshalls Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 6th will be given a dividend of GBX 5.70 ($0.07) per share. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Marshalls’s previous dividend of $2.60. This represents a yield of 1.96%. Marshalls’s payout ratio is presently 11,428.57%.

Insiders Place Their Bets

In other news, insider Simon Bourne sold 6,580 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.49), for a total transaction of £18,424 ($22,935.39). Insiders own 3.14% of the company’s stock.

Marshalls Company Profile

Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.