McBride (LON:MCB) Stock Price Up 14.8% – Should You Buy?

McBride plc (LON:MCB) rose 14.8% on Thursday . The stock traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares were traded 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.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “buy” rating and issued a GBX 190 target price 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, the stock currently has an average rating of “Buy” and an average target price of GBX 190.

McBride Trading Up 14.8%

The firm has a 50-day moving average of GBX 118.99 and a 200 day moving average of GBX 131.16. 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 stock has a market capitalization of £222.52 million, a price-to-earnings ratio of 6.83, a PEG ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last issued its quarterly earnings results on Wednesday, September 17th. The company reported GBX 22.10 earnings per share (EPS) for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. As a group, equities analysts predict that McBride plc will post 19.2307692 EPS for the current fiscal 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.