McBride (LON:MCB) Trading Up 14.8% – Time to Buy?

Shares of McBride plc (LON:MCB) were up 14.8% during trading on Thursday . The company traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares traded hands during mid-day trading, an increase of 304% from the average daily volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and set a GBX 190 price target on shares of McBride in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, McBride currently has an average rating of “Buy” and a consensus target price of GBX 190.

McBride Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The company has a 50 day moving average of GBX 118.99 and a 200-day moving average of GBX 131.16. The firm has a market capitalization of £222.52 million, a P/E ratio of 6.83, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last announced its earnings results on Wednesday, September 17th. The company reported GBX 22.10 earnings per share (EPS) for the quarter. McBride had a net margin of 3.56% and a return on equity of 62.24%. On average, sell-side analysts predict that McBride plc will post 19.2307692 EPS for the current year.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.