Marshalls (LON:MSLH) Stock Passes Above 200-Day Moving Average of $306.05

Shares of Marshalls plc (LON:MSLH – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 306.05 ($3.81) and traded as high as GBX 311.40 ($3.87). Marshalls shares last traded at GBX 300.40 ($3.74), with a volume of 1,320,141 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Berenberg Bank raised their price objective on shares of Marshalls from GBX 280 ($3.48) to GBX 350 ($4.35) and gave the stock a “hold” rating in a research report on Monday, February 20th. Shore Capital restated a “hold” rating on shares of Marshalls in a research report on Thursday, April 6th.

Marshalls Trading Down 1.8 %

The company has a debt-to-equity ratio of 44.30, a current ratio of 1.92 and a quick ratio of 1.34. The business’s 50-day moving average price is GBX 302.78 and its two-hundred day moving average price is GBX 306.01. The company has a market capitalization of £743.23 million, a price-to-earnings ratio of 2,448.33, a P/E/G ratio of 0.17 and a beta of 1.01.

Marshalls Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 1st will be given a GBX 9.90 ($0.12) dividend. This represents a dividend yield of 3.31%. This is an increase from Marshalls’s previous dividend of $5.70. The ex-dividend date is Thursday, June 1st. Marshalls’s payout ratio is presently 13,333.33%.

Insider Activity

In other news, insider Vanda Murray acquired 6,541 shares of the stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of GBX 289 ($3.59) per share, for a total transaction of £18,903.49 ($23,511.80). In other Marshalls news, insider Martyn Coffey sold 29,166 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of GBX 298 ($3.71), for a total transaction of £86,914.68 ($108,102.84). Also, insider Vanda Murray bought 6,541 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of GBX 289 ($3.59) per share, for a total transaction of £18,903.49 ($23,511.80). 3.39% of the stock is owned by company insiders.

Marshalls Company Profile

(Get Rating)

Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It offers interior, garden, and driveways products, including garden paving, driveways, garden paths, kerbs and edging products, and garden walling products; artificial grass; garden and driveway design tools; and stone products.