Macfarlane Group (LON:MACF) Stock Price Up 1.2% – Should You Buy?

Shares of Macfarlane Group PLC (LON:MACF) traded up 1.2% during trading on Tuesday . The stock traded as high as GBX 69.50 and last traded at GBX 68.40. Approximately 137,268 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 311,248 shares. The stock had previously closed at GBX 67.60.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Macfarlane Group in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 120.

Macfarlane Group Trading Up 1.2%

The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79. The company has a market capitalization of £106.37 million, a P/E ratio of 17.19 and a beta of 0.54. The firm has a fifty day moving average price of GBX 65.41 and a 200-day moving average price of GBX 67.84.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.