Marshalls (LON:MSLH) Stock Passes Above 200-Day Moving Average of $306.25

Shares of Marshalls plc (LON:MSLH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 306.25 ($4.04) and traded as high as GBX 348.50 ($4.60). Marshalls shares last traded at GBX 341.50 ($4.50), with a volume of 292,329 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.54) price objective on shares of Marshalls in a research note on Monday, August 12th.

Marshalls Trading Down 0.7 %

The firm has a market capitalization of £863.55 million, a PE ratio of 4,268.75, a P/E/G ratio of 0.17 and a beta of 1.23. The business’s fifty day moving average price is GBX 333.53 and its 200 day moving average price is GBX 306.25. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 33.19.

Marshalls Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 0.76%. Marshalls’s dividend payout ratio is presently 10,000.00%.

Insiders Place Their Bets

In other Marshalls news, insider Matt Pullen acquired 14,330 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of GBX 349 ($4.60) per share, for a total transaction of £50,011.70 ($65,952.39). 2.75% of the stock is currently owned by insiders.

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.