Michelmersh Brick (LON:MBH) Issues Earnings Results

Michelmersh Brick (LON:MBH) released 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 Stock Performance

Shares of MBH stock traded up GBX 0.40 during trading hours on Wednesday, hitting GBX 74.90. The company’s stock had a trading volume of 292,025 shares, compared to its average volume of 155,979. The company has a 50 day moving average of GBX 78.05 and a 200 day moving average of GBX 78.06. The stock has a market cap of £67.90 million, a PE ratio of 19.01 and a beta of 0.81. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 130 target price on shares of Michelmersh Brick in a research note on Thursday, May 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 target price on shares of Michelmersh Brick in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Michelmersh Brick has a consensus rating of “Buy” and a consensus target price of GBX 125.

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.