Macfarlane Group (LON:MACF) Stock Jumps 1.3% – What’s Next?

Shares of Macfarlane Group PLC (LON:MACF) traded up 1.3% during mid-day trading on Friday. The stock traded as high as GBX 85 and last traded at GBX 84.10. Approximately 297,575 shares were traded during mid-day trading, a decline of 4% from the average session volume of 310,250 shares. The stock had previously closed at GBX 83.

Wall Street Analysts Forecast Growth

MACF has been the topic of a number of research reports. Shore Capital Group restated a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, August 27th. Berenberg Bank reissued a “hold” rating and issued a GBX 82 price objective on shares of Macfarlane Group in a report on Friday, August 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 82.

Macfarlane Group Stock Performance

The company has a market cap of £130.25 million, a PE ratio of 21.68 and a beta of 0.55. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 73.35. The business’s 50 day moving average is GBX 75.97 and its two-hundred day moving average is GBX 69.42.

Macfarlane Group (LON:MACF) last issued its earnings results on Thursday, August 27th. The company reported GBX 2.22 earnings per share (EPS) for the quarter. Macfarlane Group had a return on equity of 5.10% and a net margin of 2.01%. On average, equities research analysts anticipate that Macfarlane Group PLC will post 7.4677529 EPS for the current 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.