Macfarlane Group PLC (LON:MACF – Get Free Report) shares traded up 1.3% during trading on Friday. The company traded as high as GBX 85 and last traded at GBX 84.10. Approximately 297,575 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 310,250 shares. The stock had previously closed at GBX 83.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on MACF shares. Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research report on Thursday, August 27th. Berenberg Bank restated a “hold” rating and issued a GBX 82 price target on shares of Macfarlane Group in a research note on Friday, August 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 82.
Get Our Latest Research Report on MACF
Macfarlane Group Trading Up 1.3%
Macfarlane Group (LON:MACF – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported GBX 2.22 earnings per share for the quarter. Macfarlane Group had a net margin of 2.01% and a return on equity of 5.10%. As a group, equities research analysts forecast that Macfarlane Group PLC will post 7.4677529 earnings per share for the current year.
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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