Marshalls (LON:MSLH) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Marshalls plc (LON:MSLH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 150.09 and traded as high as GBX 166.60. Marshalls shares last traded at GBX 164.50, with a volume of 395,499 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 360 target price on shares of Marshalls in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 248 price target on shares of Marshalls in a research note on Tuesday, August 11th. Royal Bank Of Canada cut their price target on shares of Marshalls from GBX 170 to GBX 165 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 250 price objective on shares of Marshalls in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 255.75.

Marshalls Price Performance

The firm has a market cap of £421.31 million, a PE ratio of 29.75, a price-to-earnings-growth ratio of 0.17 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 27.09. The company has a 50 day moving average price of GBX 156.62 and a 200 day moving average price of GBX 150.08.

Marshalls (LON:MSLH) last released its quarterly earnings data on Monday, August 10th. The company reported GBX 7.30 earnings per share for the quarter. Marshalls had a return on equity of 3.79% and a net margin of 3.18%. On average, sell-side analysts expect that Marshalls plc will post 18.2342758 EPS for the current year.

Insider Buying and Selling at Marshalls

In other Marshalls news, insider Paul Inman acquired 2,873 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of GBX 172 per share, with a total value of £4,941.56. Also, insider Justin Lockwood bought 547,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average price of GBX 151 per share, with a total value of £825,970. 1.31% of the stock is currently owned by corporate insiders.

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.