Michelmersh Brick (LON:MBH - Get Free Report) had its price objective reduced by analysts at Canaccord Genuity Group from GBX 170 ($2.20) to GBX 160 ($2.07) in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 61.26% from the company's current price.
Michelmersh Brick Price Performance
Shares of MBH traded up GBX 1.72 ($0.02) during mid-day trading on Tuesday, reaching GBX 99.22 ($1.28). The stock had a trading volume of 263,945 shares, compared to its average volume of 124,514. The firm has a market cap of £91.25 million, a price-to-earnings ratio of 11.28 and a beta of 1.01. Michelmersh Brick has a 12 month low of GBX 92 ($1.19) and a 12 month high of GBX 111.65 ($1.45). The business has a fifty day moving average of GBX 105.07 and a 200 day moving average of GBX 102.42. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13.
Michelmersh Brick (LON:MBH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Equities analysts predict that Michelmersh Brick will post 10.3053435 EPS for the current year.
About Michelmersh Brick
(
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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.
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