Marshalls (LON:MSLH) Stock Crosses Above 200-Day Moving Average – Here’s Why

Marshalls plc (LON:MSLH) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 149.85 and traded as high as GBX 158.80. Marshalls shares last traded at GBX 154.50, with a volume of 863,990 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reduced their price target on shares of Marshalls from GBX 195 to GBX 170 and set a “sector perform” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 265.

Marshalls Stock Up 0.9%

The stock has a market capitalization of £409.17 million, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 0.17 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.78 and a debt-to-equity ratio of 27.74. The business’s 50-day moving average is GBX 143.71 and its two-hundred day moving average is GBX 149.71.

Insider Transactions at Marshalls

In related news, insider Paul Inman bought 3,940 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of GBX 125 per share, for a total transaction of £4,925. Also, insider Justin Lockwood purchased 547,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of GBX 151 per share, with a total value of £825,970. Insiders have purchased a total of 568,762 shares of company stock worth $85,342,894 in the last ninety days. Insiders own 1.10% of the company’s stock.

About Marshalls

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.