Peel Hunt Boosts Marshalls plc (MSLH) Price Target to GBX 365
Marshalls plc (LON:MSLH) had its price objective raised by Peel Hunt from GBX 355 ($4.38) to GBX 365 ($4.51) in a research note issued to investors on Wednesday morning. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC increased their price target on shares of Marshalls plc from GBX 300 ($3.71) to GBX 340 ($4.20) and gave the company a buy rating in a report on Monday, December 5th. Numis Securities Ltd cut shares of Marshalls plc to an add rating and set a GBX 365 ($4.51) price target on the stock. in a report on Friday, December 9th. Finally, Panmure Gordon reiterated a buy rating and set a GBX 370 ($4.57) price target on shares of Marshalls plc in a report on Wednesday, March 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 354 ($4.37).
Shares of Marshalls plc (LON:MSLH) opened at 354.53 on Wednesday. Marshalls plc has a one year low of GBX 199.40 and a one year high of GBX 360.00. The company’s market cap is GBX 698.47 million. The firm’s 50-day moving average is GBX 305.72 and its 200-day moving average is GBX 291.43.
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The company also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of GBX 8.80 ($0.11) per share. This is a boost from Marshalls plc’s previous dividend of $2.90. The ex-dividend date is Thursday, June 15th. This represents a dividend yield of 2.54%.
In other news, insider Martyn Coffey sold 104,399 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of GBX 347 ($4.29), for a total transaction of £362,264.53 ($447,405.87). In the last quarter, insiders have bought 150 shares of company stock worth $45,137.
About Marshalls plc
Marshalls plc is a United Kingdom-based company, which is engaged in supplying of hard landscaping products to both the domestic and public sector and commercial end markets. The Company’s segments include Landscape Products and Other. Its Landscape Products segment focuses on integrated production, logistics and distribution network supporting both end markets.
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