Marshalls plc (LON:MSLH – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 259.66 ($3.23) and traded as high as GBX 272.50 ($3.39). Marshalls shares last traded at GBX 270.50 ($3.37), with a volume of 806,802 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank raised shares of Marshalls to a “buy” rating and upped their target price for the company from GBX 320 ($3.98) to GBX 420 ($5.23) in a research note on Wednesday, January 31st.
Read Our Latest Analysis on Marshalls
Marshalls Price Performance
Marshalls Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 5.70 ($0.07) per share. This represents a yield of 1.96%. This is a boost from Marshalls’s previous dividend of $2.60. The ex-dividend date is Thursday, June 6th. Marshalls’s dividend payout ratio is currently 11,428.57%.
Insiders Place Their Bets
In other Marshalls news, insider Simon Bourne sold 6,580 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 280 ($3.49), for a total transaction of £18,424 ($22,935.39). Insiders own 3.14% of the company’s stock.
Marshalls Company Profile
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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