Shore Capital restated their house stock rating on shares of Macfarlane Group (LON:MACF – Free Report) in a research note released on Tuesday morning, MarketBeat reports.
Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 145 ($1.82) price target on shares of Macfarlane Group in a research report on Thursday, February 29th.
Check Out Our Latest Stock Report on MACF
Macfarlane Group Price Performance
Macfarlane Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th will be paid a GBX 2.65 ($0.03) dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Macfarlane Group’s previous dividend of $0.94. This represents a dividend yield of 2.15%. Macfarlane Group’s payout ratio is presently 4,444.44%.
Insider Transactions at Macfarlane Group
In other news, insider Ivor Gray sold 97,361 shares of Macfarlane Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 134 ($1.68), for a total value of £130,463.74 ($163,899.17). 16.70% of the stock is currently owned by corporate insiders.
Macfarlane Group Company Profile
Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.
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