Macfarlane Group (LON:MACF) Price Target Raised to GBX 150

Macfarlane Group (LON:MACFFree Report) had its price objective increased by Berenberg Bank from GBX 145 ($1.86) to GBX 150 ($1.92) in a report issued on Monday, reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a house stock rating on shares of Macfarlane Group in a report on Monday.

Get Our Latest Stock Analysis on MACF

Macfarlane Group Price Performance

LON MACF opened at GBX 120 ($1.54) on Monday. The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 37.83. The stock has a market capitalization of £191.52 million, a PE ratio of 1,333.33 and a beta of 0.69. Macfarlane Group has a 12-month low of GBX 98.38 ($1.26) and a 12-month high of GBX 147.50 ($1.89). The company has a 50 day moving average price of GBX 124.53 and a two-hundred day moving average price of GBX 127.45.

About Macfarlane Group

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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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