Marlowe plc (LON:MRL – Get Free Report) insider Lord Ashcroft bought 3,422,809 shares of Marlowe stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of GBX 548 ($6.96) per share, for a total transaction of £18,756,993.32 ($23,839,594.97).
Marlowe Stock Performance
LON:MRL opened at GBX 570 ($7.24) on Friday. The stock’s 50-day simple moving average is GBX 521.57 and its 200 day simple moving average is GBX 455.08. The firm has a market capitalization of £552.10 million, a PE ratio of -3,800.00 and a beta of 0.41. The company has a quick ratio of 0.80, a current ratio of 1.29 and a debt-to-equity ratio of 58.34. Marlowe plc has a twelve month low of GBX 310 ($3.94) and a twelve month high of GBX 680 ($8.64).
Analysts Set New Price Targets
Separately, Berenberg Bank reduced their price objective on Marlowe from GBX 720 ($9.15) to GBX 710 ($9.02) and set a “buy” rating on the stock in a research note on Tuesday, April 30th.
Marlowe Company Profile
Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk and Compliance; and Testing, and Inspection and Certification. It offers health and safety consultancy, risk and audit assessments, environmental, contractor management, and training services; and health and safety support services.
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