Marshalls plc (LON:MSLH – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 260.63 ($3.22) and traded as high as GBX 265.25 ($3.28). Marshalls shares last traded at GBX 256.50 ($3.17), with a volume of 461,185 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank raised Marshalls to a “buy” rating and lifted their target price for the stock from GBX 320 ($3.95) to GBX 420 ($5.19) in a report on Wednesday, January 31st.
Get Our Latest Stock Analysis on Marshalls
Marshalls Price Performance
Marshalls Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 5.70 ($0.07) per share. This represents a dividend yield of 1.96%. This is an increase from Marshalls’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, June 6th. Marshalls’s dividend payout ratio (DPR) is 11,428.57%.
Insider Activity at Marshalls
In other news, insider Simon Bourne sold 25,479 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 265 ($3.27), for a total transaction of £67,519.35 ($83,398.41). 3.14% of the stock is currently owned by company insiders.
About Marshalls
Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.
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