Marshalls (LON:MSLH) Stock Crosses Above 200-Day Moving Average – What’s Next?

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 278.82 ($3.71) and traded as high as GBX 293 ($3.90). Marshalls shares last traded at GBX 289.90 ($3.86), with a volume of 312,371 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 420 ($5.59) price target on shares of Marshalls in a research note on Wednesday, January 22nd.

Marshalls Stock Up 0.8 %

The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 33.19. The firm has a 50 day moving average price of GBX 255.53 and a 200-day moving average price of GBX 278.82. The firm has a market cap of £729.25 million, a price-to-earnings ratio of 33.86, a P/E/G ratio of 0.17 and a beta of 1.26.

Marshalls (LON:MSLH) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 16 ($0.21) earnings per share (EPS) for the quarter. Marshalls had a net margin of 3.46% and a return on equity of 3.32%. On average, equities analysts forecast that Marshalls plc will post 18.2342758 EPS for the current year.

Marshalls Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 5.40 ($0.07) per share. This is an increase from Marshalls’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 2.26%. Marshalls’s dividend payout ratio (DPR) is presently 93.44%.

Insider Activity

In other news, insider Simon Bourne sold 14,048 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of GBX 237 ($3.15), for a total value of £33,293.76 ($44,291.29). Company insiders own 2.73% of the company’s stock.

Marshalls Company Profile

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.