Macfarlane Group (LON:MACF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Macfarlane Group PLC (LON:MACF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 68.57 and traded as high as GBX 72.90. Macfarlane Group shares last traded at GBX 71.50, with a volume of 94,025 shares traded.

Wall Street Analysts Forecast Growth

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

Macfarlane Group Stock Down 1.9%

The firm’s 50-day simple moving average is GBX 68.57 and its 200 day simple moving average is GBX 67.86. The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98. The company has a market cap of £111.05 million, a P/E ratio of 17.96 and a beta of 0.54.

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.