Macfarlane Group PLC (LON:MACF – Get 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%
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
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
- Five stocks we like better than Macfarlane Group
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for Macfarlane Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macfarlane Group and related companies with MarketBeat.com's FREE daily email newsletter.
