Michelmersh Brick (LON:MBH) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Michelmersh Brick Holdings plc (LON:MBH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.70 and traded as high as GBX 79. Michelmersh Brick shares last traded at GBX 76.80, with a volume of 19,044 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Price Performance

The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 and a quick ratio of 1.56. The stock’s 50 day moving average price is GBX 78.49 and its two-hundred day moving average price is GBX 78.68. The firm has a market capitalization of £68.90 million, a price-to-earnings ratio of 19.29 and a beta of 0.81.

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.