Marshalls (LON:MSLH) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Marshalls plc (LON:MSLH) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 174.20 and traded as high as GBX 176. Marshalls shares last traded at GBX 176, with a volume of 79 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their price objective on shares of Marshalls from GBX 240 to GBX 195 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Marshalls has an average rating of “Moderate Buy” and a consensus price target of GBX 316.25.

Marshalls Trading Down 1.6%

The stock has a market capitalization of £415.18 million, a PE ratio of 17.47, a PEG ratio of 0.17 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.34 and a debt-to-equity ratio of 31.11. The business’s 50-day moving average is GBX 172.32 and its two-hundred day moving average is GBX 173.98.

Insider Activity

In related news, insider Justin Lockwood bought 260,000 shares of the stock in a transaction dated Friday, February 13th. The stock was acquired at an average price of GBX 181 per share, for a total transaction of £470,600. Also, insider Simon Bourne bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were bought at an average price of GBX 172 per share, for a total transaction of £68,800. 1.07% of the stock is owned by corporate insiders.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.