Macfarlane Group (LON:MACF) Price Target Raised to GBX 150

Macfarlane Group (LON:MACF) had its price target lifted by Berenberg Bank from GBX 145 ($1.86) to GBX 150 ($1.92) in a report published on Monday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Shore Capital restated a house stock rating on shares of Macfarlane Group in a research note on Monday.

Macfarlane Group Stock Up 5.0 %

Shares of Macfarlane Group stock opened at GBX 126 ($1.61) on Monday. Macfarlane Group has a 52-week low of GBX 98.38 ($1.26) and a 52-week high of GBX 147.50 ($1.89). The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 37.83. The company has a market capitalization of £201.10 million, a P/E ratio of 1,400.00 and a beta of 0.69. The company has a 50 day moving average of GBX 124.10 and a 200 day moving average of GBX 127.39.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.