Macfarlane Group (LON:MACF) Earns “House Stock” Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Macfarlane Group (LON:MACF) in a research report sent to investors on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 145 ($1.82) price objective on shares of Macfarlane Group in a report on Thursday, February 29th.

Macfarlane Group Trading Up 1.2 %

Shares of MACF opened at GBX 129.50 ($1.63) on Tuesday. The business has a 50-day moving average of GBX 136.45 and a 200 day moving average of GBX 122.85. Macfarlane Group has a fifty-two week low of GBX 98.38 ($1.24) and a fifty-two week high of GBX 147.50 ($1.85). The firm has a market cap of £206.68 million, a P/E ratio of 1,422.22 and a beta of 0.71. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19.

Macfarlane Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 9th will be issued a GBX 2.65 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 2.15%. This is a positive change from Macfarlane Group’s previous dividend of $0.94. Macfarlane Group’s dividend payout ratio (DPR) is 4,444.44%.

Insider Buying and Selling

In other Macfarlane Group news, insider Ivor Gray sold 97,361 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 134 ($1.68), for a total value of £130,463.74 ($163,899.17). 16.70% of the stock is currently owned by insiders.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.