Brickability Group (LON:BRCK) Shares Climb 1.1% – Still a Buy?

Brickability Group Plc (LON:BRCK) shot up 1.1% during mid-day trading on Tuesday. The stock traded as high as GBX 49.50 and last traded at GBX 48.60. Approximately 492,966 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,201,238 shares. The stock had previously closed at GBX 48.05.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on shares of Brickability Group from GBX 93 to GBX 77 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Brickability Group presently has an average rating of “Buy” and an average target price of GBX 77.

Brickability Group Trading Down 3.3%

The company has a debt-to-equity ratio of 64.27, a quick ratio of 1.07 and a current ratio of 1.37. The company’s 50 day moving average price is GBX 48.28 and its 200 day moving average price is GBX 49.59. The company has a market cap of £129.79 million, a price-to-earnings ratio of 100.37 and a beta of 0.31.

About Brickability Group

BRCK Group PLC is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Importing, Distribution and Contracting. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, BRCK leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.

Founded in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.