Berenberg Bank initiated coverage on shares of Marlowe PLC (LON:MRL) in a research note issued to investors on Friday. The brokerage issued a buy rating and a GBX 500 ($6.46) price objective on the stock.

Marlowe PLC (MRL) opened at 390.00 on Friday. The company’s 50-day moving average is GBX 387.99 and its 200-day moving average is GBX 353.95. Marlowe PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 427.50. The company’s market cap is GBX 120.57 million.

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In related news, insider Nigel Jackson sold 1,000,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of GBX 385 ($4.97), for a total value of £3,850,000 ($4,972,232.98).

About Marlowe PLC

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