Marshalls (LON:MSLH) Shares Cross Above 200-Day Moving Average of $285.76

Marshalls plc (LON:MSLH)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 285.76 ($3.63) and traded as high as GBX 297.03 ($3.77). Marshalls shares last traded at GBX 291 ($3.69), with a volume of 396,029 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.33) price objective on shares of Marshalls in a research note on Monday, May 20th.

Marshalls Price Performance

The firm has a market capitalization of £735.85 million, a P/E ratio of 4,157.14, a P/E/G ratio of 0.17 and a beta of 1.15. The company has a debt-to-equity ratio of 39.31, a current ratio of 1.87 and a quick ratio of 1.34. The stock’s fifty day simple moving average is GBX 298.78 and its 200 day simple moving average is GBX 285.76.

Insider Activity

In other Marshalls news, insider Matt Pullen purchased 13,439 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of GBX 262 ($3.32) per share, for a total transaction of £35,210.18 ($44,665.96). Corporate insiders own 2.93% 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.