Macfarlane Group PLC (LON:MACF – Get Free Report) shares were down 0.8% on Wednesday . The stock traded as low as GBX 64.10 and last traded at GBX 64.50. Approximately 263,508 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 357,665 shares. The stock had previously closed at GBX 65.
Analysts Set New Price Targets
Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 120.
Read Our Latest Stock Analysis on MACF
Macfarlane Group Trading Down 0.8%
Insider Activity at Macfarlane Group
In other Macfarlane Group news, insider Ivor Gray sold 19,680 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total value of £1,180.80. Also, insider Peter Atkinson sold 38,077 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total value of £2,284.62. Insiders own 2.24% 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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.
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