Macfarlane Group (LON:MACF) Shares Up 1.2% – Here’s Why

Macfarlane Group PLC (LON:MACF)’s stock price rose 1.2% during mid-day trading on Tuesday . The company traded as high as GBX 69.50 and last traded at GBX 68.40. Approximately 137,268 shares traded hands during trading, a decline of 56% from the average session volume of 311,248 shares. The stock had previously closed at GBX 67.60.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Macfarlane Group has a consensus rating of “Buy” and an average target price of GBX 120.

Macfarlane Group Price Performance

The business’s 50 day moving average price is GBX 65.46 and its two-hundred day moving average price is GBX 67.82. The stock has a market cap of £106.61 million, a P/E ratio of 17.23 and a beta of 0.54. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 74.12.

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.