Michelmersh Brick Holdings plc (LON:MBH – Get Free Report) rose 0.7% during mid-day trading on Thursday. The company traded as high as GBX 69 and last traded at GBX 68.82. Approximately 30,653 shares changed hands during trading, a decline of 80% from the average session volume of 154,123 shares. The stock had previously closed at GBX 68.38.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 120 price target on shares of Michelmersh Brick in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 125.
Michelmersh Brick Price Performance
The company has a fifty day moving average of GBX 73.09 and a 200-day moving average of GBX 77.22. The company has a current ratio of 1.72, a quick ratio of 1.56 and a debt-to-equity ratio of 9.44. The stock has a market cap of £63.15 million, a PE ratio of 16.91 and a beta of 0.76.
Michelmersh Brick (LON:MBH – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported GBX 2.56 EPS for the quarter. Michelmersh Brick had a return on equity of 4.06% and a net margin of 5.66%. Sell-side analysts expect that Michelmersh Brick Holdings plc will post 10.31 EPS for the current fiscal year.
Michelmersh Brick Company Profile
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.
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