Marshalls (LON:MSLH) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Marshalls plc (LON:MSLH)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 325.26 ($4.10) and traded as high as GBX 340 ($4.28). Marshalls shares last traded at GBX 335 ($4.22), with a volume of 293,908 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on MSLH shares. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 370 ($4.66) target price on shares of Marshalls in a report on Wednesday, September 18th. Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.29) target price on shares of Marshalls in a research note on Monday, August 12th.

Marshalls Price Performance

The stock has a market capitalization of £847.11 million, a PE ratio of 4,187.50, a P/E/G ratio of 0.17 and a beta of 1.26. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.34 and a current ratio of 1.86. The stock’s 50-day moving average is GBX 332.15 and its 200 day moving average is GBX 325.26.

Insiders Place Their Bets

In other Marshalls news, insider Matt Pullen bought 14,330 shares of the stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average cost of GBX 349 ($4.40) per share, for a total transaction of £50,011.70 ($63,026.72). Corporate insiders own 2.73% of the company’s stock.

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.