Several other analysts have also recently commented on the company. Canaccord Genuity upgraded Marshalls to a buy rating and lowered their price target for the company from GBX 475 ($6.06) to GBX 455 ($5.80) in a report on Tuesday, June 26th. Shore Capital cut Marshalls to a hold rating and lowered their price target for the company from GBX 485 ($6.19) to GBX 481 ($6.14) in a report on Wednesday, May 30th. Finally, Peel Hunt restated a buy rating and issued a GBX 505 ($6.44) price target on shares of Marshalls in a report on Friday, May 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 490 ($6.25).
MSLH opened at GBX 481.40 ($6.14) on Thursday. Marshalls has a 12 month low of GBX 333.10 ($4.25) and a 12 month high of GBX 486.60 ($6.21).
The company also recently announced a dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Thursday, October 18th will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, October 18th.
In other news, insider Vanda Murray bought 15,000 shares of the firm’s stock in a transaction dated Thursday, June 28th. The stock was acquired at an average price of GBX 410 ($5.23) per share, for a total transaction of £61,500 ($78,453.88). Insiders have bought a total of 15,106 shares of company stock valued at $6,194,999 in the last quarter.
Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It operates through Landscape Products and Other segments. The company offers interior, garden, driveway, and seating and landscape products, including paving, block paving, kerbs, water management, natural stone cladding, street furniture, lighting, protective street furniture, and walling and mortars products, as well as paths, edgings, and drainage and decorative aggregates.
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