Marshalls plc (LON:MSLH)‘s stock had its “add” rating restated by equities research analysts at Numis Securities Ltd in a research note issued on Wednesday, May 10th. They presently have a GBX 435 ($5.62) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 12.14% from the company’s previous close.
Several other research analysts have also recently commented on MSLH. Peel Hunt reiterated a “buy” rating and issued a GBX 355 ($4.58) price target on shares of Marshalls plc in a research note on Thursday, February 9th. Panmure Gordon reiterated a “buy” rating and issued a GBX 370 ($4.78) price target on shares of Marshalls plc in a research note on Wednesday, March 15th. Shore Capital reiterated a “buy” rating on shares of Marshalls plc in a research note on Wednesday, March 15th. Finally, Canaccord Genuity boosted their price objective on Marshalls plc from GBX 320 ($4.13) to GBX 330 ($4.26) and gave the company a “hold” rating in a report on Wednesday, March 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 392.50 ($5.07).
The business also recently announced a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date is Thursday, June 15th. This is a positive change from Marshalls plc’s previous dividend of $2.90. This represents a dividend yield of 2.54%.
In related news, insider Martyn Coffey sold 104,399 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of GBX 347 ($4.48), for a total value of £362,264.53 ($467,619.12). Also, insider Andrew Allner acquired 5,339 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was acquired at an average cost of GBX 375 ($4.84) per share, with a total value of £20,021.25 ($25,843.88). Insiders have bought 10,917 shares of company stock valued at $4,084,389 over the last ninety days.
About Marshalls plc
Marshalls plc is a United Kingdom-based company, which is engaged in supplying of hard landscaping products to both the domestic and public sector and commercial end markets. The Company’s segments include Landscape Products and Other. Its Landscape Products segment focuses on integrated production, logistics and distribution network supporting both end markets.
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