Numis Securities Increases Marshalls (MSLH) Price Target to GBX 600

Marshalls (LON:MSLH) had its target price hoisted by Numis Securities from GBX 550 ($7.19) to GBX 600 ($7.84) in a report issued on Wednesday morning, Digital Look reports. Numis Securities currently has a hold rating on the stock.

Several other research firms have also recently commented on MSLH. Peel Hunt increased their price target on Marshalls from GBX 530 ($6.93) to GBX 575 ($7.51) and gave the company an add rating in a report on Monday, May 13th. Berenberg Bank cut Marshalls to a hold rating and increased their price target for the company from GBX 580 ($7.58) to GBX 620 ($8.10) in a report on Tuesday, March 19th. Canaccord Genuity increased their price target on Marshalls from GBX 495 ($6.47) to GBX 525 ($6.86) and gave the company a hold rating in a report on Friday, March 15th. Finally, Shore Capital reaffirmed a hold rating on shares of Marshalls in a report on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of GBX 560.20 ($7.32).

LON:MSLH opened at GBX 662 ($8.65) on Wednesday. Marshalls has a one year low of GBX 395.60 ($5.17) and a one year high of GBX 674.50 ($8.81). The company has a quick ratio of 0.81, a current ratio of 1.57 and a debt-to-equity ratio of 31.17. The company has a market capitalization of $1.31 billion and a P/E ratio of 25.36.

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 12 ($0.16) per share. This is a boost from Marshalls’s previous dividend of $4.00. The ex-dividend date is Thursday, June 6th. This represents a yield of 2.05%. Marshalls’s dividend payout ratio (DPR) is 0.46%.

In other Marshalls news, insider Martyn Coffey sold 64,604 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of GBX 584 ($7.63), for a total transaction of £377,287.36 ($492,992.76). Also, insider Jack Clarke sold 9,170 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of GBX 600 ($7.84), for a total value of £55,020 ($71,893.38). In the last three months, insiders have acquired 74 shares of company stock valued at $44,796.

About Marshalls

Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It operates through Landscape Products and Others segments. The company offers interior, garden, and driveways products, including garden paving, driveways, garden paths, kerbs and edging products, and garden walling products; and interior tiles and stones.

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Analyst Recommendations for Marshalls (LON:MSLH)

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