Macfarlane Group (LON:MACF) Sets New 52-Week High at $142.50

Macfarlane Group PLC (LON:MACFGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 142.50 ($1.79) and last traded at GBX 137 ($1.72), with a volume of 1326253 shares changing hands. The stock had previously closed at GBX 137 ($1.72).

Wall Street Analyst Weigh In

MACF has been the topic of several recent analyst reports. Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, February 29th. Berenberg Bank restated a “buy” rating and set a GBX 145 ($1.82) price objective on shares of Macfarlane Group in a report on Thursday, February 29th.

Get Our Latest Stock Report on Macfarlane Group

Macfarlane Group Price Performance

The stock has a market cap of £218.65 million, a P/E ratio of 1,522.22 and a beta of 0.71. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19. The business has a 50 day simple moving average of GBX 127.48 and a 200-day simple moving average of GBX 116.62.

Macfarlane Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 9th will be paid a GBX 2.65 ($0.03) dividend. This represents a yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Macfarlane Group’s previous dividend of $0.94. Macfarlane Group’s dividend payout ratio is 4,444.44%.

Insider Buying and Selling at Macfarlane Group

In other news, insider Ivor Gray sold 97,361 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 134 ($1.68), for a total transaction of £130,463.74 ($163,775.72). Corporate insiders own 17.06% of the company’s stock.

Macfarlane Group Company Profile

(Get Free Report)

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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