Michelmersh Brick (LON:MBH) Announces Quarterly Earnings Results

Michelmersh Brick (LON:MBH) issued its quarterly earnings data on Tuesday. The company reported GBX 2.56 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%.

Michelmersh Brick Price Performance

Michelmersh Brick stock traded up GBX 0.35 during mid-day trading on Wednesday, reaching GBX 74.85. 313,369 shares of the company were exchanged, compared to its average volume of 156,106. The firm has a market cap of £67.86 million, a PE ratio of 19.00 and a beta of 0.81. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 and a quick ratio of 1.56. The company has a fifty day simple moving average of GBX 78.05 and a 200-day simple moving average of GBX 78.06. Michelmersh Brick has a 12 month low of GBX 66 and a 12 month high of GBX 101.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MBH shares. Berenberg Bank reiterated a “buy” rating and set a GBX 120 target price on shares of Michelmersh Brick in a research note on Wednesday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 130 price target on shares of Michelmersh Brick in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 125.

About Michelmersh Brick

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.