Macfarlane Group (LON:MACF) Shares Down 1.1% – Should You Sell?

Shares of Macfarlane Group PLC (LON:MACF) fell 1.1% during mid-day trading on Wednesday . The stock traded as low as GBX 70.20 and last traded at GBX 70.20. 324,974 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 181,516 shares. The stock had previously closed at GBX 71.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Price Performance

The company’s 50-day moving average is GBX 69.89 and its 200-day moving average is GBX 83.79. The firm has a market cap of £110.13 million, a price-to-earnings ratio of 9.32 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.

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.