McBride (LON:MCB) Stock Price Up 14.8% – Here’s Why

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

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and set a GBX 190 price objective on shares of McBride in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 190.

McBride Trading Up 14.8%

The firm has a 50-day moving average of GBX 119.34 and a two-hundred day moving average of GBX 131.13. 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. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08.

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

McBride Company Profile

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.