Marlowe (LON:MRL) Stock Price Up 1.2% – Here’s Why

Shares of Marlowe plc (LON:MRL) rose 1.2% during trading on Friday . The stock traded as high as GBX 330 ($4.14) and last traded at GBX 328 ($4.11). Approximately 141,426 shares traded hands during trading, a decline of 77% from the average daily volume of 606,029 shares. The stock had previously closed at GBX 324 ($4.06).

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 710 ($8.90) price objective on shares of Marlowe in a research note on Wednesday, August 21st. Royal Bank of Canada reissued an “outperform” rating and set a GBX 690 ($8.65) target price on shares of Marlowe in a research report on Thursday, August 1st.

Marlowe Trading Up 1.2 %

The company has a debt-to-equity ratio of 58.99, a current ratio of 1.24 and a quick ratio of 0.80. The business’s 50 day simple moving average is GBX 360.21 and its 200 day simple moving average is GBX 435.34. The stock has a market cap of £287.69 million, a P/E ratio of -2,342.86 and a beta of 0.44.

Insider Buying and Selling

In other news, insider Peter M. R. Gaze purchased 15,000 shares of Marlowe stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of GBX 309 ($3.87) per share, for a total transaction of £46,350 ($58,104.55). 25.30% of the stock is owned by corporate insiders.

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.