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

McBride plc (LON:MCB) shares were up 14.8% during mid-day trading on Thursday . The stock traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares changed hands during 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 reiterated a “buy” rating and issued a GBX 190 price target on shares of McBride in a report on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, McBride currently has a consensus rating of “Buy” and a consensus price target of GBX 190.

McBride Stock Up 0.5%

The business’s fifty day simple moving average is GBX 119.76 and its 200 day simple moving average is GBX 131.01. 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 cap of £223.57 million, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last posted 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%. Equities analysts forecast that McBride plc will post 19.2307692 earnings per share 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.