Macfarlane Group (LON:MACF) Stock Price Up 2.9% – Here’s What Happened

Macfarlane Group PLC (LON:MACF) shares rose 2.9% on Tuesday . The stock traded as high as GBX 73 and last traded at GBX 72. Approximately 141,452 shares changed hands during trading, a decline of 71% from the average daily volume of 486,682 shares. The stock had previously closed at GBX 70.

Analyst Upgrades and Downgrades

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

Macfarlane Group Price Performance

The company has a market capitalization of £113.09 million, a PE ratio of 9.56 and a beta of 0.68. 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 50-day moving average of GBX 69.20 and a 200 day moving average of GBX 88.65.

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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.