Marshalls’ (MSLH) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Marshalls (LON:MSLH) in a research report released on Monday morning, Marketbeat reports. Berenberg Bank currently has a GBX 420 ($5.34) target price on the stock.

Marshalls Stock Down 1.7 %

MSLH opened at GBX 324 ($4.12) on Monday. The company has a debt-to-equity ratio of 39.31, a current ratio of 1.87 and a quick ratio of 1.34. The company’s 50-day moving average is GBX 280.27 and its 200 day moving average is GBX 272.30. Marshalls has a fifty-two week low of GBX 195.30 ($2.48) and a fifty-two week high of GBX 329.50 ($4.19). The firm has a market capitalization of £819.30 million, a P/E ratio of 4,628.57, a PEG ratio of 0.17 and a beta of 1.15.

Marshalls Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 6th will be paid a GBX 5.70 ($0.07) dividend. This is an increase from Marshalls’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 1.96%. Marshalls’s dividend payout ratio (DPR) is presently 11,428.57%.

Insider Activity at Marshalls

In other Marshalls news, insider Simon Bourne sold 6,580 shares of Marshalls stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.56), for a total transaction of £18,424 ($23,416.37). In other news, insider Matt Pullen bought 13,439 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of GBX 262 ($3.33) per share, with a total value of £35,210.18 ($44,751.12). Also, insider Simon Bourne sold 6,580 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.56), for a total transaction of £18,424 ($23,416.37). 2.93% of the stock is owned by corporate insiders.

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.