Marlowe (LON:MRL) Reaches New 12-Month High – Here’s What Happened

Marlowe plc (LON:MRL) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 348.40 ($4.56) and last traded at GBX 346 ($4.53), with a volume of 896912 shares. The stock had previously closed at GBX 340.50 ($4.46).

Wall Street Analyst Weigh In

MRL has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 710 ($9.29) price target on shares of Marlowe in a research report on Wednesday, August 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 690 ($9.03) target price on shares of Marlowe in a research note on Thursday, August 1st.

Marlowe Stock Performance

The firm has a market capitalization of £304.48 million, a PE ratio of -2,478.57 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 1.24 and a debt-to-equity ratio of 58.99. The company has a 50-day moving average of GBX 423.51 and a 200 day moving average of GBX 473.79.

Insider Activity

In related news, insider Peter M. R. Gaze bought 15,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was acquired at an average cost of GBX 309 ($4.04) per share, for a total transaction of £46,350 ($60,659.60). Corporate insiders own 25.19% of the company’s stock.

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.