Macfarlane Group (LON:MACF) Trading 1.2% Higher – Here’s What Happened

Shares of Macfarlane Group PLC (LON:MACF) traded up 1.2% on Tuesday . The company traded as high as GBX 69.50 and last traded at GBX 68.40. 137,268 shares traded hands during trading, a decline of 56% from the average daily volume of 311,248 shares. The stock had previously closed at GBX 67.60.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Performance

The company’s fifty day simple moving average is GBX 65.41 and its 200 day simple moving average is GBX 67.84. The stock has a market capitalization of £106.37 million, a P/E ratio of 17.19 and a beta of 0.54. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 74.12.

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.