Macfarlane Group’s (MACF) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Macfarlane Group (LON:MACF) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a GBX 82 price target on the stock.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Macfarlane Group has a consensus rating of “Hold” and an average price target of GBX 82.

Macfarlane Group Stock Up 3.8%

MACF stock opened at GBX 77 on Friday. The company has a market cap of £119.59 million, a PE ratio of 19.35 and a beta of 0.54. The business has a 50-day simple moving average of GBX 69.42 and a 200 day simple moving average of GBX 67.91. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 73.35. Macfarlane Group has a 52 week low of GBX 59.80 and a 52 week high of GBX 99.

Macfarlane Group (LON:MACF) last released its earnings results on Thursday, August 27th. The company reported GBX 2.22 earnings per share for the quarter. Macfarlane Group had a net margin of 2.01% and a return on equity of 5.10%. Sell-side analysts anticipate that Macfarlane Group will post 7.4677529 EPS for the current fiscal year.

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.