Marshalls (LON:MSLH) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Marshalls plc (LON:MSLH)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.04 and traded as high as GBX 155. Marshalls shares last traded at GBX 149.45, with a volume of 1,554,093 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSLH shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 360 price objective on shares of Marshalls in a research note on Monday, March 16th. Royal Bank Of Canada dropped their target price on shares of Marshalls from GBX 195 to GBX 170 and set a “sector perform” rating on the stock in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 310.

Marshalls Stock Performance

The company has a debt-to-equity ratio of 27.74, a current ratio of 1.78 and a quick ratio of 1.34. The stock has a fifty day simple moving average of GBX 137.48 and a two-hundred day simple moving average of GBX 154.02. The firm has a market capitalization of £383.84 million, a P/E ratio of 27.10, a P/E/G ratio of 0.17 and a beta of 1.27.

Insider Activity

In related news, insider Vanda Murray acquired 10,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of GBX 126 per share, for a total transaction of £12,600. Also, insider Justin Lockwood bought 7,822 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of GBX 127 per share, for a total transaction of £9,933.94. Insiders purchased 21,762 shares of company stock worth $2,745,894 in the last quarter. 1.10% of the stock is owned by corporate insiders.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership. This is underpinned by business wide enterprise excellence, leadership in ESG governance and standards and its people, organisation, and culture.