Marshalls (LON:MSLH) Earns Sector perform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Marshalls (LON:MSLH) in a research note published on Wednesday, MarketBeat.com reports. Royal Bank of Canada currently has a GBX 370 ($4.89) price target on the stock.

Separately, Berenberg Bank restated a buy rating and issued a GBX 420 ($5.55) target price on shares of Marshalls in a report on Monday, August 12th.

Marshalls Stock Performance

Shares of LON MSLH opened at GBX 337 ($4.45) on Wednesday. The firm’s 50-day moving average price is GBX 339.09 and its 200-day moving average price is GBX 309.82. Marshalls has a 52-week low of GBX 195.30 ($2.58) and a 52-week high of GBX 364.50 ($4.82). The company has a market cap of £852.17 million, a PE ratio of 4,212.50, a PEG ratio of 0.17 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 33.19.

Marshalls Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be issued a GBX 2.60 ($0.03) dividend. This represents a yield of 0.76%. The ex-dividend date is Thursday, October 24th. Marshalls’s dividend payout ratio is 10,000.00%.

Insider Transactions at Marshalls

In related news, insider Matt Pullen purchased 14,330 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of GBX 349 ($4.61) per share, with a total value of £50,011.70 ($66,065.65). Company insiders own 2.75% of the company’s stock.

Marshalls Company Profile

Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, accessories, steps, rail products, marker blocks, setts and cobbles, and pedestals; kerbs; and combined kerb and drainage systems, linear drainage systems, below ground drainage, offsite solutions, civils and drainage water management, specialist precast, and precast solutions.