Marshalls (LON:MSLH) Shares Pass Above 200 Day Moving Average of $306.05

Marshalls plc (LON:MSLH – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 306.05 ($3.81) and traded as high as GBX 311.40 ($3.87). Marshalls shares last traded at GBX 300.40 ($3.74), with a volume of 1,320,141 shares traded.

Wall Street Analysts Forecast Growth

MSLH has been the topic of a number of recent research reports. Shore Capital reissued a “hold” rating on shares of Marshalls in a research report on Thursday, April 6th. Berenberg Bank raised their price target on Marshalls from GBX 280 ($3.48) to GBX 350 ($4.35) and gave the company a “hold” rating in a research note on Monday, February 20th.

Marshalls Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.92 and a debt-to-equity ratio of 44.30. The stock has a 50 day simple moving average of GBX 302.84 and a two-hundred day simple moving average of GBX 306.05. The stock has a market capitalization of £759.92 million, a P/E ratio of 2,503.33, a P/E/G ratio of 0.17 and a beta of 1.01.

Marshalls Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be paid a dividend of GBX 9.90 ($0.12) per share. This is an increase from Marshalls’s previous dividend of $5.70. This represents a dividend yield of 3.31%. The ex-dividend date is Thursday, June 1st. Marshalls’s payout ratio is currently 13,333.33%.

Insider Transactions at Marshalls

In other Marshalls news, insider Martyn Coffey bought 10,000 shares of Marshalls stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of GBX 256 ($3.18) per share, for a total transaction of £25,600 ($31,840.80). In other news, insider Vanda Murray purchased 6,541 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of GBX 289 ($3.59) per share, with a total value of £18,903.49 ($23,511.80). Also, insider Martyn Coffey purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of GBX 256 ($3.18) per share, with a total value of £25,600 ($31,840.80). 3.39% of the stock is currently owned by corporate insiders.

About Marshalls

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Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It offers interior, garden, and driveways products, including garden paving, driveways, garden paths, kerbs and edging products, and garden walling products; artificial grass; garden and driveway design tools; and stone products.