Marlowe (LON:MRL) Shares Down 37.8%

Marlowe plc (LON:MRL)’s share price traded down 37.8% during mid-day trading on Thursday . The stock traded as low as GBX 236 ($3.16) and last traded at GBX 280 ($3.75). 541,053 shares were traded during mid-day trading, a decline of 6% from the average session volume of 578,352 shares. The stock had previously closed at GBX 450 ($6.03).

Analysts Set New Price Targets

MRL has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 710 ($9.51) target price on shares of Marlowe in a research report on Wednesday, August 21st. Royal Bank of Canada restated an “outperform” rating and set a GBX 690 ($9.24) price objective on shares of Marlowe in a report on Thursday, August 1st.

Marlowe Stock Performance

The firm has a fifty day simple moving average of GBX 441.60 and a 200 day simple moving average of GBX 485.62. The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 58.99. The stock has a market cap of £277.20 million, a price-to-earnings ratio of -2,214.29 and a beta of 0.44.

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.