Berenberg Bank Increases Macfarlane Group (LON:MACF) Price Target to GBX 150

Macfarlane Group (LON:MACF) had its price target boosted by equities researchers at Berenberg Bank from GBX 145 ($1.86) to GBX 150 ($1.92) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 21.95% from the company’s current price.

Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research note on Monday.

Macfarlane Group Price Performance

Shares of LON MACF opened at GBX 123 ($1.58) on Monday. The company has a current ratio of 1.19, a quick ratio of 0.79 and a debt-to-equity ratio of 37.83. The business has a 50-day moving average of GBX 124.97 and a 200-day moving average of GBX 127.37. The firm has a market capitalization of £196.31 million, a price-to-earnings ratio of 1,366.67 and a beta of 0.69. Macfarlane Group has a 12 month low of GBX 98.38 ($1.26) and a 12 month high of GBX 147.50 ($1.89).

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.