Marshalls (LON:MSLH) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Posted by Shelly Janes on Nov 17th, 2024

Marshalls plc (LON:MSLH – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 325.26 ($4.10) and traded as high as GBX 340 ($4.28). Marshalls shares last traded at GBX 335 ($4.22), with a volume of 293,908 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on MSLH. Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.29) price target on shares of Marshalls in a research note on Monday, August 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 370 ($4.66) price objective on shares of Marshalls in a report on Wednesday, September 18th.

Get Our Latest Research Report on MSLH

Marshalls Trading Up 3.7 %

The company has a debt-to-equity ratio of 33.19, a current ratio of 1.86 and a quick ratio of 1.34. The firm has a market cap of £847.11 million, a PE ratio of 4,187.50, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26. The company’s 50 day moving average price is GBX 332.15 and its 200 day moving average price is GBX 325.26.

Insiders Place Their Bets

In related news, insider Matt Pullen bought 14,330 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of GBX 349 ($4.40) per share, with a total value of £50,011.70 ($63,026.72). 2.73% of the stock is owned by company insiders.

About Marshalls

(Get Free Report)

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.