Michelmersh Brick (LON:MBH – Get Free Report) announced its earnings results on Tuesday. The company reported GBX 2.56 EPS for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 5.66% and a return on equity of 4.06%.
Michelmersh Brick Stock Performance
Shares of Michelmersh Brick stock traded down GBX 0.48 during trading hours on Friday, hitting GBX 74.52. 135,678 shares of the company’s stock traded hands, compared to its average volume of 155,052. The stock has a market capitalization of £67.56 million, a price-to-earnings ratio of 18.91 and a beta of 0.81. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 101. The company has a debt-to-equity ratio of 9.44, a current ratio of 1.72 and a quick ratio of 1.56. The company has a fifty day simple moving average of GBX 77.83 and a 200-day simple moving average of GBX 77.77.
Analysts Set New Price Targets
MBH has been the topic of several analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 130 price target on shares of Michelmersh Brick in a report on Thursday, May 21st. Berenberg Bank reissued a “buy” rating and set a GBX 120 target price on shares of Michelmersh Brick in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 125.
About Michelmersh Brick
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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