Macfarlane Group PLC (LON:MACF) Plans GBX 0.96 Dividend

Macfarlane Group PLC (LON:MACF) declared a dividend on Thursday, August 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 0.96 ($0.01) per share on Thursday, October 10th. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 12th. The official announcement can be accessed at this link.

Macfarlane Group Trading Up 1.4 %

Shares of Macfarlane Group stock traded up GBX 1.65 ($0.02) on Wednesday, reaching GBX 117.65 ($1.54). 196,693 shares of the company’s stock were exchanged, compared to its average volume of 328,663. The company has a market capitalization of £187.77 million, a P/E ratio of 1,305.56 and a beta of 0.68. Macfarlane Group has a 52 week low of GBX 98.38 ($1.29) and a 52 week high of GBX 147.50 ($1.93). The firm’s 50-day moving average is GBX 121.54 and its two-hundred day moving average is GBX 127.34. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Thursday, August 22nd. Berenberg Bank upped their target price on Macfarlane Group from GBX 145 ($1.90) to GBX 150 ($1.96) and gave the stock a “buy” rating in a research report on Monday, July 8th.

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.