Macfarlane Group (LON:MACF) Stock Price Down 0.8% – Time to Sell?

Macfarlane Group PLC (LON:MACFGet Free Report)’s stock price was down 0.8% during mid-day trading on Wednesday . The company traded as low as GBX 64.10 and last traded at GBX 64.50. Approximately 263,508 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 357,665 shares. The stock had previously closed at GBX 65.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 120.

Check Out Our Latest Research Report on Macfarlane Group

Macfarlane Group Trading Down 0.8%

The stock has a market capitalization of £100.40 million, a P/E ratio of 16.21 and a beta of 0.53. The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79. The business’s 50 day simple moving average is GBX 66.15 and its 200-day simple moving average is GBX 68.66.

Insider Buying and Selling at Macfarlane Group

In other news, insider Ivor Gray sold 19,680 shares of Macfarlane Group stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total transaction of £1,180.80. Also, insider Peter Atkinson sold 38,077 shares of Macfarlane Group stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of GBX 6, for a total value of £2,284.62. Company insiders own 2.24% of the company’s stock.

Macfarlane Group Company Profile

(Get Free Report)

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.

Further Reading

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