Macfarlane Group (LON:MACF) Reaches New 52-Week Low – Should You Sell?

Macfarlane Group PLC (LON:MACF)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 91 ($1.22) and last traded at GBX 91 ($1.22), with a volume of 174183 shares traded. The stock had previously closed at GBX 92 ($1.23).

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Berenberg Bank dropped their price target on shares of Macfarlane Group from GBX 135 to GBX 120 and set a “buy” rating on the stock in a research note on Tuesday, September 2nd. Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Macfarlane Group currently has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Price Performance

The company has a market cap of £144.07 million, a price-to-earnings ratio of 1,208.50 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The company has a fifty day moving average price of GBX 96.19 and a two-hundred day moving average price of GBX 103.37.

Macfarlane Group (LON:MACF) last issued its earnings results on Thursday, August 28th. The company reported GBX 2.32 EPS for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. As a group, equities research analysts anticipate that Macfarlane Group PLC will post 7.4677529 EPS for the current fiscal year.

Insider Buying and Selling at Macfarlane Group

In other Macfarlane Group news, insider David Stirling bought 15,900 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average price of GBX 94 per share, with a total value of £14,946. Company insiders own 2.12% 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.