McBride (LON:MCB) Stock Price Up 14.8% – Should You Buy?

McBride plc (LON:MCB)’s stock price rose 14.8% during trading on Thursday . The company traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares traded hands during trading, an increase of 304% from the average daily volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “buy” rating and issued a GBX 190 price target on shares of McBride in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 190.

McBride Stock Up 14.8%

The business’s 50 day moving average price is GBX 118.99 and its 200-day moving average price is GBX 131.16. The company has a debt-to-equity ratio of 222.08, a quick ratio of 0.54 and a current ratio of 0.92. The firm has a market capitalization of £222.52 million, a PE ratio of 6.83, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last posted its quarterly earnings results on Wednesday, September 17th. The company reported GBX 22.10 EPS for the quarter. McBride had a net margin of 3.56% and a return on equity of 62.24%. As a group, equities research analysts forecast that McBride plc will post 19.2307692 earnings per share for the current year.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end?to?end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.