Michelmersh Brick (LON:MBH) Earns "Buy" Rating from Canaccord Genuity Group

Michelmersh Brick (LON:MBH - Get Free Report)'s stock had its "buy" rating restated by analysts at Canaccord Genuity Group in a report released on Friday, Marketbeat.com reports. They currently have a GBX 170 ($2.14) price target on the stock. Canaccord Genuity Group's price objective points to a potential upside of 60.54% from the company's current price.

Separately, Berenberg Bank lowered their price objective on Michelmersh Brick from GBX 180 ($2.27) to GBX 170 ($2.14) and set a "buy" rating on the stock in a research report on Tuesday, September 3rd.

Michelmersh Brick Price Performance

Shares of LON MBH traded up GBX 1.89 ($0.02) during midday trading on Friday, reaching GBX 105.89 ($1.33). The stock had a trading volume of 114,883 shares, compared to its average volume of 210,751. 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 has a 12-month low of GBX 80.57 ($1.01) and a 12-month high of GBX 111.65 ($1.41). The stock has a 50-day moving average of GBX 100.31 and a 200-day moving average of GBX 99.73. The company has a market capitalization of £99.20 million, a price-to-earnings ratio of 1,287.50 and a beta of 1.01.

About Michelmersh Brick

Michelmersh Brick Holdings plc, together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe. The company offers extruded wirecut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone colour blends in rustic, dragwire, smooth, and sand faced textures under the Carlton brand; prefabricated brick components under the FabSpeed brand; various bricks under the Floren.be brand; and clamp-fired stock facing bricks in various colours and textural finishes under the Freshfield Lane brand.