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

Macfarlane Group (LON:MACF)‘s stock had its “house stock” rating restated by analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat.com reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 145 ($1.82) target price on shares of Macfarlane Group in a research report on Thursday, February 29th.

Macfarlane Group Stock Performance

MACF stock opened at GBX 126 ($1.58) on Tuesday. The stock has a market cap of £201.10 million, a P/E ratio of 1,400.00 and a beta of 0.71. The firm has a 50 day simple moving average of GBX 136.51 and a 200 day simple moving average of GBX 122.87. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19. Macfarlane Group has a 52 week low of GBX 98.38 ($1.24) and a 52 week high of GBX 147.50 ($1.85).

Insider Activity at Macfarlane Group

In related news, insider Ivor Gray sold 97,361 shares of Macfarlane Group stock in a transaction dated 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.

Macfarlane Group Company Profile

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.