Shares of Marshalls plc (LON:MSLH – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 311.46 ($4.17) and traded as high as GBX 317.50 ($4.25). Marshalls shares last traded at GBX 316 ($4.23), with a volume of 115,591 shares trading hands.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MSLH. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 ($5.62) price objective on shares of Marshalls in a report on Monday, August 12th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 370 ($4.95) price target on shares of Marshalls in a research report on Wednesday, September 18th.
View Our Latest Report on MSLH
Marshalls Trading Up 1.7 %
Marshalls Cuts Dividend
The company also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be issued a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date is Thursday, October 24th. This represents a yield of 0.76%. Marshalls’s payout ratio is 10,000.00%.
Insider Transactions at Marshalls
In other Marshalls news, insider Matt Pullen purchased 14,330 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of GBX 349 ($4.67) per share, for a total transaction of £50,011.70 ($66,896.33). Corporate insiders own 2.73% of the company’s stock.
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.
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