Marlowe (LON:MRL) Reaches New 52-Week High – Here’s Why

Marlowe plc (LON:MRL) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 350 ($4.54) and last traded at GBX 347 ($4.50), with a volume of 281339 shares traded. The stock had previously closed at GBX 336.50 ($4.36).

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 710 ($9.21) target price on shares of Marlowe in a research note on Wednesday, August 21st. Royal Bank of Canada restated an “outperform” rating and set a GBX 690 ($8.95) price objective on shares of Marlowe in a research report on Thursday, August 1st.

Marlowe Stock Up 4.0 %

The stock has a fifty day moving average of GBX 389.53 and a 200-day moving average of GBX 450.65. The firm has a market capitalization of £306.99 million, a price-to-earnings ratio of -2,500.00 and a beta of 0.44. The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 58.99.

Insiders Place Their Bets

In other news, insider Peter M. R. Gaze purchased 15,000 shares of Marlowe stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of GBX 309 ($4.01) per share, for a total transaction of £46,350 ($60,108.94). Corporate insiders own 25.30% of the company’s stock.

Marlowe Company Profile

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.