Marshalls plc (MSLH) Earns Buy Rating from Shore Capital
Several other research analysts have also weighed in on MSLH. Peel Hunt lifted their price objective on Marshalls plc from GBX 355 ($4.38) to GBX 365 ($4.51) and gave the stock a buy rating in a research report on Wednesday, March 15th. Panmure Gordon reissued a buy rating and issued a GBX 370 ($4.57) price objective on shares of Marshalls plc in a research report on Wednesday, March 15th. Numis Securities Ltd lowered Marshalls plc to an add rating and set a GBX 365 ($4.51) price objective for the company. in a research report on Friday, December 9th. Finally, Jefferies Group LLC lifted their price objective on Marshalls plc from GBX 300 ($3.71) to GBX 340 ($4.20) and gave the stock a buy rating in a research report on Monday, December 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 354 ($4.37).
Shares of Marshalls plc (LON:MSLH) opened at 354.53 on Wednesday. Marshalls plc has a 1-year low of GBX 199.40 and a 1-year high of GBX 360.00. The company’s market cap is GBX 698.47 million. The firm has a 50-day moving average price of GBX 305.72 and a 200 day moving average price of GBX 291.43.
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The company also recently announced a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a GBX 8.80 ($0.11) dividend. The ex-dividend date is Thursday, June 15th. This is an increase from Marshalls plc’s previous dividend of $2.90. This represents a dividend yield of 2.54%.
In other news, insider Martyn Coffey sold 104,399 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of GBX 347 ($4.29), for a total value of £362,264.53 ($447,405.87). Over the last 90 days, insiders bought 150 shares of company stock valued at $45,137.
About Marshalls plc
Marshalls plc is a United Kingdom-based company, which is engaged in supplying of hard landscaping products to both the domestic and public sector and commercial end markets. The Company’s segments include Landscape Products and Other. Its Landscape Products segment focuses on integrated production, logistics and distribution network supporting both end markets.
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