Macfarlane Group (LON:MACF) Sets New 1-Year Low – Here’s Why

Macfarlane Group PLC (LON:MACF) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 67.20 and last traded at GBX 67.20, with a volume of 450472 shares trading hands. The stock had previously closed at GBX 68.20.

Analyst Ratings Changes

MACF has been the topic of a number of research reports. Berenberg Bank dropped their price target on Macfarlane Group from GBX 135 to GBX 120 and set a “buy” rating on the stock in a research note on Tuesday, September 2nd. Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Macfarlane Group presently has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Trading Down 1.5%

The stock’s 50-day simple moving average is GBX 88.57 and its two-hundred day simple moving average is GBX 100.17. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79. The firm has a market capitalization of £106.24 million, a P/E ratio of 8.92 and a beta of 0.68.

Macfarlane Group (LON:MACF) last released its quarterly earnings data on Thursday, August 28th. The company reported GBX 2.32 earnings per share (EPS) for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. Equities research analysts expect that Macfarlane Group PLC will post 7.4677529 EPS for the current year.

Insider Transactions at Macfarlane Group

In related news, insider David Stirling bought 15,900 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of GBX 94 per share, with a total value of £14,946. 2.39% of the stock is currently owned by company insiders.

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.