Marshalls (LON:MSLH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Marshalls plc (LON:MSLH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.97 and traded as high as GBX 165.30. Marshalls shares last traded at GBX 163.10, with a volume of 1,124,115 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and set a GBX 360 target price on shares of Marshalls in a report on Tuesday, August 11th. Peel Hunt reiterated a “buy” rating and issued a GBX 250 price target on shares of Marshalls in a research note on Monday, August 10th. Royal Bank Of Canada cut their price target on shares of Marshalls from GBX 170 to GBX 165 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 248 price objective on shares of Marshalls in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 255.75.

Marshalls Price Performance

The business has a fifty day moving average of GBX 153.49 and a two-hundred day moving average of GBX 150.02. The company has a debt-to-equity ratio of 27.09, a quick ratio of 1.34 and a current ratio of 1.80. The firm has a market capitalization of £414.74 million, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 0.17 and a beta of 1.27.

Marshalls (LON:MSLH) last announced its quarterly earnings results on Monday, August 10th. The company reported GBX 7.30 earnings per share (EPS) for the quarter. Marshalls had a return on equity of 3.79% and a net margin of 3.18%. As a group, research analysts predict that Marshalls plc will post 18.2342758 EPS for the current fiscal year.

Insider Activity

In related news, insider Justin Lockwood bought 547,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of GBX 151 per share, for a total transaction of £825,970. Also, insider Paul Inman bought 2,873 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of GBX 172 per share, with a total value of £4,941.56. 1.31% of the stock is owned by corporate insiders.

Marshalls Company Profile

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.