Marshalls (LON:MSLH) Shares Pass Above 200 Day Moving Average – What’s Next?

Marshalls plc (LON:MSLH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 149.48 and traded as high as GBX 176.80. Marshalls shares last traded at GBX 174.87, with a volume of 754,199 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their target price on shares of Marshalls from GBX 195 to GBX 170 and set a “sector perform” rating for the company in a research note on Wednesday, April 22nd. One research analyst has 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, Marshalls currently has a consensus rating of “Moderate Buy” and an average price target of GBX 265.

Marshalls Stock Performance

The company has a market capitalization of £455.31 million, a PE ratio of 32.15, a PEG ratio of 0.17 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.78 and a debt-to-equity ratio of 27.74. The company has a 50-day moving average price of GBX 147.84 and a two-hundred day moving average price of GBX 149.69.

Insider Buying and Selling at Marshalls

In related news, insider Vanda Murray purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of GBX 126 per share, for a total transaction of £12,600. Also, insider Justin Lockwood purchased 547,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of GBX 151 per share, for a total transaction of £825,970. Insiders purchased 568,762 shares of company stock valued at $85,342,894 in the last quarter. 1.10% of the stock is currently 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.