Michelmersh Brick (LON:MBH) Given “Buy” Rating at Berenberg Bank

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 120 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 60.00% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 125.

Michelmersh Brick Stock Performance

Shares of Michelmersh Brick stock opened at GBX 75 on Wednesday. Michelmersh Brick has a 52 week low of GBX 66 and a 52 week high of GBX 101. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83. The business has a 50 day moving average price of GBX 78.05 and a 200-day moving average price of GBX 78.06. The company has a market cap of £68.00 million, a PE ratio of 19.04 and a beta of 0.81.

Michelmersh Brick (LON:MBH) last announced its earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. Equities analysts anticipate that Michelmersh Brick will post 10.3053435 earnings per share for the current fiscal year.

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.