McBride (LON:MCB) Stock Price Passes Below 50-Day Moving Average of $78.98

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McBride plc (LON:MCB)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $78.98 and traded as low as $67.00. McBride shares last traded at $68.00, with a volume of 322,246 shares.

Several research firms have issued reports on MCB. Numis Securities restated a “hold” rating and set a GBX 135 ($1.76) price objective on shares of Bakkavor Group in a report on Thursday, May 2nd. Liberum Capital began coverage on FW Thorpe in a report on Thursday, May 2nd. They set a “buy” rating and a GBX 400 ($5.23) price objective on the stock. Jefferies Financial Group boosted their price objective on Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Peel Hunt restated a “buy” rating on shares of Lookers in a report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating, McBride currently has an average rating of “Hold” and an average price target of GBX 102 ($1.33).

The stock has a fifty day moving average price of GBX 78.64. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 160.91. The company has a market cap of $124.30 million and a PE ratio of 11.33.

McBride Company Profile (LON:MCB)

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles.

Read More: What does earnings per share mean?

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