Macfarlane Group (LON:MACF) Sets New 52-Week Low – Time to Sell?

Macfarlane Group PLC (LON:MACF)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 64.20 and last traded at GBX 64.40, with a volume of 253313 shares trading hands. The stock had previously closed at GBX 65.60.

Analyst Upgrades and Downgrades

Several research firms have commented on MACF. Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research note on Wednesday, October 22nd. Berenberg Bank decreased their price target on Macfarlane Group from GBX 135 to GBX 120 and set a “buy” rating for the company in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Macfarlane Group presently has a consensus rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Trading Down 1.8%

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 firm has a fifty day moving average price of GBX 82.90 and a 200 day moving average price of GBX 97.72. The company has a market cap of £101.27 million, a price-to-earnings ratio of 8.55 and a beta of 0.68.

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

Insider Activity

In related news, insider David Stirling purchased 15,900 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was bought at an average price of GBX 94 per share, for a total transaction of £14,946. 2.40% of the stock is currently owned by insiders.

About Macfarlane Group

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.