Michelmersh Brick Holdings plc (LON:MBH – Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 76.11 and traded as low as GBX 72. Michelmersh Brick shares last traded at GBX 73.05, with a volume of 158,218 shares traded.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 120 price target on shares of Michelmersh Brick in a report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 125.
Michelmersh Brick Stock Up 0.1%
The firm has a market capitalization of £66.12 million, a price-to-earnings ratio of 17.71 and a beta of 0.81. The firm has a fifty day moving average price of GBX 74.84 and a 200 day moving average price of GBX 76.11. The company has a current ratio of 1.72, a quick ratio of 1.56 and a debt-to-equity ratio of 9.44.
Michelmersh Brick (LON:MBH – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share for the quarter. Michelmersh Brick had a return on equity of 4.06% and a net margin of 5.66%. Sell-side analysts anticipate that Michelmersh Brick Holdings plc will post 10.31 EPS 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.
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