Michelmersh Brick (LON:MBH) Releases Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly earnings data on Tuesday. The company reported GBX 2.56 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 Trading Up 0.5%

Shares of Michelmersh Brick stock opened at GBX 74.88 on Wednesday. The stock has a market capitalization of £67.89 million, a PE ratio of 19.01 and a beta of 0.81. Michelmersh Brick has a 52 week low of GBX 66 and a 52 week high of GBX 101. The stock has a 50 day moving average price of GBX 78.05 and a two-hundred day moving average price of GBX 78.06. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a research report on Thursday, May 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 price target on shares of Michelmersh Brick in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Michelmersh Brick currently has a consensus rating of “Buy” and a consensus price target 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.