Berenberg Bank Cuts Marlowe (LON:MRL) Price Target to GBX 710

Marlowe (LON:MRL) had its price objective lowered by investment analysts at Berenberg Bank from GBX 720 ($9.04) to GBX 710 ($8.92) in a report released on Tuesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 46.09% from the company’s current price.

Marlowe Stock Performance

Marlowe stock traded down GBX 4 ($0.05) during mid-day trading on Tuesday, reaching GBX 486 ($6.10). 1,050,179 shares of the company’s stock were exchanged, compared to its average volume of 411,474. The firm has a market capitalization of £470.35 million, a PE ratio of -3,240.00 and a beta of 0.43. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 58.34. The business’s fifty day simple moving average is GBX 511.79 and its 200 day simple moving average is GBX 458.81. Marlowe has a one year low of GBX 310 ($3.89) and a one year high of GBX 680 ($8.54).

About Marlowe

Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk and Compliance; and Testing, and Inspection and Certification. It offers health and safety consultancy, risk and audit assessments, environmental, contractor management, and training services; and health and safety support services.