Marlowe plc (LON:MRL – Get Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 393.51 ($5.10) and traded as low as GBX 326 ($4.23). Marlowe shares last traded at GBX 333 ($4.32), with a volume of 776,233 shares traded.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MRL. Royal Bank of Canada restated an “outperform” rating and set a GBX 690 ($8.95) price target on shares of Marlowe in a research note on Thursday, August 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 710 ($9.21) price objective on shares of Marlowe in a research report on Wednesday, August 21st.
Read Our Latest Stock Report on MRL
Marlowe Stock Performance
Insider Activity at Marlowe
In other Marlowe news, insider Peter M. R. Gaze purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 309 ($4.01) per share, for a total transaction of £46,350 ($60,108.94). Company insiders own 25.30% of the company’s stock.
Marlowe Company Profile
Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk and Compliance; and Testing, and Inspection and Certification. It offers health and safety consultancy, risk and audit assessments, environmental, contractor management, and training services; and health and safety support services.
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