Insider Buying: Marlowe plc (LON:MRL) Insider Buys 3,422,809 Shares of Stock

Marlowe plc (LON:MRLGet Free Report) insider Lord Ashcroft purchased 3,422,809 shares of the stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of GBX 548 ($6.96) per share, for a total transaction of £18,756,993.32 ($23,839,594.97).

Marlowe Stock Performance

LON:MRL opened at GBX 570 ($7.24) on Friday. The business’s 50-day moving average price is GBX 521.57 and its two-hundred day moving average price is GBX 455.08. Marlowe plc has a twelve month low of GBX 310 ($3.94) and a twelve month high of GBX 680 ($8.64). The stock has a market cap of £552.10 million, a P/E ratio of -3,800.00 and a beta of 0.41. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 58.34.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on Marlowe from GBX 720 ($9.15) to GBX 710 ($9.02) and set a “buy” rating on the stock in a report on Tuesday, April 30th.

Read Our Latest Report on MRL

Marlowe Company Profile

(Get Free Report)

Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk and Compliance; and Testing, and Inspection and Certification. It offers health and safety consultancy, risk and audit assessments, environmental, contractor management, and training services; and health and safety support services.

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