Macfarlane Group (LON:MACF) Stock Price Up 0.9% – Should You Buy?

Macfarlane Group PLC (LON:MACF) shares traded up 0.9% during mid-day trading on Tuesday . The company traded as high as GBX 69.20 and last traded at GBX 68.80. 415,662 shares were traded during trading, a decline of 17% from the average session volume of 502,642 shares. The stock had previously closed at GBX 68.20.

Analysts Set New Price Targets

MACF has been the subject of several research reports. Berenberg Bank reduced their target price 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. Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 120.

Macfarlane Group Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The stock has a market capitalization of £108.06 million, a price-to-earnings ratio of 9.14 and a beta of 0.68. The stock has a fifty day moving average of GBX 74.59 and a two-hundred day moving average of GBX 93.46.

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.