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

Marlowe plc (LON:MRL) 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.

Marlowe Company Profile

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.