Michelmersh Brick (LON:MBH) Given “Buy” Rating at Canaccord Genuity Group

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 130 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 75.06% from the company’s previous close.

Separately, Berenberg Bank dropped their target price on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Michelmersh Brick presently has a consensus rating of “Buy” and a consensus target price of GBX 125.

Michelmersh Brick Price Performance

MBH traded up GBX 0.76 during trading on Thursday, reaching GBX 74.26. The stock had a trading volume of 148,910 shares, compared to its average volume of 163,104. The business has a 50-day moving average of GBX 74.17 and a 200-day moving average of GBX 81.99. Michelmersh Brick has a one year low of GBX 66 and a one year high of GBX 119. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24. The stock has a market cap of £67.33 million, a PE ratio of 18.85 and a beta of 0.78.

Michelmersh Brick (LON:MBH) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 7.50 earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. As a group, equities research analysts anticipate that Michelmersh Brick will post 10.3053435 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.