Macfarlane Group (LON:MACF) Reaches New 52-Week Low – What’s Next?

Shares of Macfarlane Group PLC (LON:MACF) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 67.20 and last traded at GBX 67.20, with a volume of 450472 shares trading hands. The stock had previously closed at GBX 68.20.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a research report on Wednesday, October 22nd. Berenberg Bank cut their price target on shares of 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.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Price Performance

The company has a market capitalization of £106.62 million, a price-to-earnings ratio of 9.00 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. The business has a 50 day moving average price of GBX 86.80 and a 200-day moving average price of GBX 99.48.

Macfarlane Group (LON:MACF) last issued 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%. Research analysts predict that Macfarlane Group PLC will post 7.4677529 EPS for the current fiscal year.

Insider Buying and Selling at Macfarlane Group

In related news, insider David Stirling acquired 15,900 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of GBX 94 per share, for a total transaction of £14,946. Corporate insiders own 2.40% of the company’s stock.

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.