Shares of Macfarlane Group PLC (LON:MACF – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 145 ($1.84) and last traded at GBX 145 ($1.84), with a volume of 83021 shares. The stock had previously closed at GBX 144 ($1.82).
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on MACF shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 145 ($1.84) target price on shares of Macfarlane Group in a research report on Thursday, February 29th. Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Thursday, February 29th.
View Our Latest Report on Macfarlane Group
Macfarlane Group Price Performance
Macfarlane Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 9th will be issued a GBX 2.65 ($0.03) dividend. This represents a yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Macfarlane Group’s previous dividend of $0.94. Macfarlane Group’s payout ratio is 4,444.44%.
Insider Buying and Selling at Macfarlane Group
In other Macfarlane Group news, insider Ivor Gray sold 97,361 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 134 ($1.70), for a total value of £130,463.74 ($165,123.07). Insiders own 16.70% of the company’s stock.
About Macfarlane Group
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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