Marshalls plc (LON:MSLH – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 264.21 ($3.32) and traded as high as GBX 282.50 ($3.55). Marshalls shares last traded at GBX 282 ($3.54), with a volume of 205,289 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised shares of Marshalls to a “buy” rating and upped their price objective for the stock from GBX 320 ($4.02) to GBX 420 ($5.28) in a research report on Wednesday, January 31st.
Marshalls Price Performance
Marshalls Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 6th will be issued a GBX 5.70 ($0.07) dividend. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 1.96%. This is a boost from Marshalls’s previous dividend of $2.60. Marshalls’s dividend payout ratio is 11,428.57%.
Insider Transactions at Marshalls
In related news, insider Simon Bourne sold 6,580 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.52), for a total value of £18,424 ($23,145.73). In other Marshalls news, insider Simon Bourne sold 6,580 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.52), for a total transaction of £18,424 ($23,145.73). Also, insider Matt Pullen bought 13,439 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of GBX 262 ($3.29) per share, with a total value of £35,210.18 ($44,233.89). Company insiders own 2.91% of the company’s stock.
About Marshalls
Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.
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