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

Macfarlane Group (LON:MACF) had its price objective increased by equities researchers at Berenberg Bank from GBX 145 ($1.86) to GBX 150 ($1.92) in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 21.95% from the company’s previous close.

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

Macfarlane Group Price Performance

Shares of LON:MACF opened at GBX 123 ($1.58) on Monday. The company’s fifty day moving average is GBX 124.97 and its 200-day moving average is GBX 127.37. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19. Macfarlane Group has a 52 week low of GBX 98.38 ($1.26) and a 52 week high of GBX 147.50 ($1.89). The company has a market capitalization of £196.31 million, a PE ratio of 1,366.67 and a beta of 0.69.

About Macfarlane Group

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.