Macfarlane Group PLC (LON:MACF – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 71.31 and traded as low as GBX 71.30. Macfarlane Group shares last traded at GBX 72.05, with a volume of 280,329 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Macfarlane Group currently has an average rating of “Buy” and a consensus target price of GBX 120.
View Our Latest Stock Report on Macfarlane Group
Macfarlane Group Price Performance
About Macfarlane Group
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.
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