Brickability Group (LON:BRCK) Trading Down 1.7% – What’s Next?

Brickability Group Plc (LON:BRCK) shares fell 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 48.30 and last traded at GBX 48.65. 319,502 shares changed hands during trading, a decline of 63% from the average session volume of 861,289 shares. The stock had previously closed at GBX 49.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut shares of Brickability Group to a “buy” rating and boosted their target price for the stock from GBX 93 to GBX 106 in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Brickability Group currently has an average rating of “Buy” and a consensus target price of GBX 106.

Brickability Group Price Performance

The company has a 50-day moving average of GBX 49.11 and a 200 day moving average of GBX 50.44. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 55.47. The stock has a market capitalization of £156.56 million, a PE ratio of 14.91 and a beta of 0.32.

About Brickability Group

BRCK Group PLC is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Importing, Distribution and Contracting. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, BRCK leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.

Founded in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.