Macfarlane Group (LON:MACF) Receives “Hold” Rating from Berenberg Bank

Macfarlane Group (LON:MACF)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 82 target price on the stock. Berenberg Bank’s target price points to a potential upside of 9.53% from the company’s previous close.

Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research note on Thursday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 82.

Macfarlane Group Trading Up 0.9%

Shares of Macfarlane Group stock opened at GBX 74.86 on Friday. The stock has a market cap of £116.27 million, a P/E ratio of 18.81 and a beta of 0.54. The stock’s 50 day simple moving average is GBX 69.22 and its 200-day simple moving average is GBX 67.88. Macfarlane Group has a 1-year low of GBX 59.80 and a 1-year high of GBX 99. The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79.

Macfarlane Group (LON:MACF) last posted its quarterly earnings results on Thursday, August 27th. The company reported GBX 2.22 earnings per share (EPS) for the quarter. Macfarlane Group had a return on equity of 5.20% and a net margin of 2.10%. Analysts predict that Macfarlane Group will post 7.4677529 EPS for the current fiscal year.

Macfarlane Group Company Profile

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.