Michelmersh Brick (LON:MBH) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Michelmersh Brick Holdings plc (LON:MBH – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 81.25 and traded as low as GBX 76. Michelmersh Brick shares last traded at GBX 76, with a volume of 74,451 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MBH. Berenberg Bank lowered their target price on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 125.

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Michelmersh Brick Price Performance

The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. The firm has a market capitalization of £68.90 million, a PE ratio of 19.29 and a beta of 0.78. The company has a fifty day moving average price of GBX 74.19 and a two-hundred day moving average price of GBX 81.25.

Michelmersh Brick (LON:MBH – Get Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 7.50 EPS for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. Sell-side analysts forecast that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share 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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