Marlowe plc (LON:MRL – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 128.50 ($1.64) and last traded at GBX 426 ($5.44), with a volume of 751781 shares traded. The stock had previously closed at GBX 425 ($5.43).
Analyst Ratings Changes
A number of research firms have issued reports on MRL. Berenberg Bank cut their target price on Marlowe from GBX 720 ($9.19) to GBX 710 ($9.07) and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 690 ($8.81) price objective on shares of Marlowe in a research report on Thursday, August 1st.
Check Out Our Latest Report on Marlowe
Marlowe Price Performance
Marlowe Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 13th were paid a GBX 155 ($1.98) dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 27.78%.
Insider Activity at Marlowe
In related news, insider Lord Ashcroft purchased 3,422,809 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of GBX 548 ($7.00) per share, for a total transaction of £18,756,993.32 ($23,949,174.31). Company insiders own 25.42% of the company’s stock.
About Marlowe
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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