Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 113.24 ($1.47) and traded as low as GBX 111.50 ($1.45). Macfarlane Group shares last traded at GBX 112.50 ($1.46), with a volume of 50,396 shares.
Analyst Ratings Changes
MACF has been the subject of a number of research reports. Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a research report on Thursday, August 22nd. Berenberg Bank lifted their price target on shares of Macfarlane Group from GBX 145 ($1.88) to GBX 150 ($1.95) and gave the stock a "buy" rating in a research note on Monday, July 8th.
Check Out Our Latest Report on Macfarlane Group
Macfarlane Group Stock Performance
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 business has a 50 day simple moving average of GBX 113.14 and a 200-day simple moving average of GBX 122.07. The stock has a market capitalization of £178.75 million, a P/E ratio of 1,244.44 and a beta of 0.68.
Macfarlane Group Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 0.96 ($0.01) per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 12th. Macfarlane Group's dividend payout ratio (DPR) is presently 4,444.44%.
Macfarlane Group Company Profile
(
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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.
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