Berenberg Bank Has Lowered Expectations for Macfarlane Group (LON:MACF) Stock Price

Macfarlane Group (LON:MACF) had its price target lowered by equities research analysts at Berenberg Bank from GBX 135 to GBX 120 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 29.03% from the stock’s previous close.

Separately, Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a research report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Down 2.3%

Shares of LON:MACF opened at GBX 93 on Tuesday. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The company has a market cap of £147.25 million, a PE ratio of 954.83 and a beta of 0.68. Macfarlane Group has a 52 week low of GBX 93 and a 52 week high of GBX 122. The firm has a 50 day simple moving average of GBX 101.45 and a 200 day simple moving average of GBX 104.62.

Macfarlane Group (LON:MACF) last issued its quarterly earnings results on Thursday, August 28th. The company reported GBX 2.32 EPS for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. As a group, research analysts expect that Macfarlane Group will post 7.4677529 earnings per share for the current year.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.