Marshalls (LON:MSLH) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Marshalls plc (LON:MSLH) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 149.67 and traded as high as GBX 166. Marshalls shares last traded at GBX 163.70, with a volume of 1,191,403 shares.

Analyst Ratings Changes

MSLH has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 360 price target on shares of Marshalls in a report on Tuesday, August 11th. Peel Hunt reissued a “buy” rating and issued a GBX 250 price objective on shares of Marshalls in a report on Monday, August 10th. Royal Bank Of Canada dropped their price objective 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, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 248 price objective on shares of Marshalls in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 255.75.

Marshalls Stock Up 1.0%

The stock has a market capitalization of £434.72 million, a price-to-earnings ratio of 21.49, a PEG ratio of 0.17 and a beta of 1.28. The company has a debt-to-equity ratio of 27.09, a current ratio of 1.80 and a quick ratio of 1.34. The business has a fifty day moving average of GBX 163.09 and a 200 day moving average of GBX 149.86.

Marshalls (LON:MSLH) last issued 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%. As a group, equities analysts predict that Marshalls plc will post 18.23 earnings per share for the current year.

Insider Activity at Marshalls

In other Marshalls news, insider Paul Inman purchased 2,873 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 172 per share, with a total value of £4,941.56. 1.31% of the stock is currently owned by company 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.