Shares of Marshalls plc (LON:MSLH – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 259.66 ($3.23) and traded as high as GBX 272.50 ($3.39). Marshalls shares last traded at GBX 270.50 ($3.37), with a volume of 806,802 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upgraded Marshalls to a “buy” rating and upped their target price for the company from GBX 320 ($3.98) to GBX 420 ($5.23) in a report on Wednesday, January 31st.
View Our Latest Analysis on MSLH
Marshalls Price Performance
Marshalls Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 6th will be given a GBX 5.70 ($0.07) dividend. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 1.96%. This is a positive change from Marshalls’s previous dividend of $2.60. Marshalls’s dividend payout ratio is currently 11,428.57%.
Insider Activity at Marshalls
In other news, insider Simon Bourne sold 6,580 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.49), for a total value of £18,424 ($22,935.39). 3.14% of the stock is currently owned by corporate insiders.
Marshalls Company Profile
Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.
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