McBride (LON:MCB) Shares Up 14.8% – Should You Buy?

McBride plc (LON:MCB) rose 14.8% on Thursday . The company traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares changed hands during trading, an increase of 304% from the average daily volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 190 price objective on shares of McBride in a report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 190.

McBride Stock Up 14.8%

The stock has a fifty day moving average of GBX 119.34 and a 200-day moving average of GBX 131.13. The firm has a market capitalization of £222.52 million, a price-to-earnings ratio of 6.83, a PEG ratio of -0.36 and a beta of 1.17. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08.

McBride (LON:MCB) last announced its earnings results on Wednesday, September 17th. The company reported GBX 22.10 EPS for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. As a group, sell-side analysts expect that McBride plc will post 19.2307692 EPS for the current year.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.