Macfarlane Group (LON:MACF) Shares Down 1.1% – Should You Sell?

Macfarlane Group PLC (LON:MACF) shares dropped 1.1% on Wednesday . The stock traded as low as GBX 70.20 and last traded at GBX 70.20. Approximately 324,974 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 181,516 shares. The stock had previously closed at GBX 71.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 120.

Macfarlane Group Stock Performance

The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79. The stock’s 50-day moving average price is GBX 69.89 and its 200-day moving average price is GBX 83.79. The company has a market cap of £110.13 million, a P/E ratio of 9.32 and a beta of 0.68.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.