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

Royal Bank of Canada restated their sector perform rating on shares of Marshalls (LON:MSLH) in a report published on Wednesday morning, Marketbeat reports. They currently have a GBX 370 ($4.89) price objective on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 420 ($5.55) price target on shares of Marshalls in a research note on Monday, August 12th.

Marshalls Stock Performance

LON MSLH opened at GBX 337 ($4.45) on Wednesday. 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 fifty day moving average of GBX 338.80 and a 200-day moving average of GBX 310.01. The company has a market capitalization of £852.17 million, a P/E ratio of 4,212.50, a P/E/G ratio of 0.17 and a beta of 1.26. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.34 and a current ratio of 1.86.

Marshalls Cuts Dividend

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

Insider Activity at Marshalls

In related news, insider Matt Pullen acquired 14,330 shares of Marshalls stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of GBX 349 ($4.61) per share, with a total value of £50,011.70 ($66,065.65). 2.75% of the stock is owned by insiders.

About Marshalls

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.