Macfarlane Group (LON:MACF) Given New GBX 150 Price Target at Berenberg Bank

Macfarlane Group (LON:MACFGet Free Report) had its price target hoisted by equities researchers at Berenberg Bank from GBX 145 ($1.86) to GBX 150 ($1.92) in a report released on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 21.21% from the company’s previous close.

Separately, Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a research report on Monday.

Check Out Our Latest Report on MACF

Macfarlane Group Stock Up 0.6 %

MACF opened at GBX 123.75 ($1.59) on Monday. The company has a current ratio of 1.19, a quick ratio of 0.79 and a debt-to-equity ratio of 37.83. Macfarlane Group has a 1-year low of GBX 98.38 ($1.26) and a 1-year high of GBX 147.50 ($1.89). The company has a market capitalization of £197.51 million, a PE ratio of 1,375.00 and a beta of 0.69. The firm’s 50 day simple moving average is GBX 125.37 and its two-hundred day simple moving average is GBX 127.30.

About Macfarlane Group

(Get Free Report)

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.

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