Michelmersh Brick (LON:MBH – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 2.56 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%.
Michelmersh Brick Trading Down 0.5%
Shares of Michelmersh Brick stock traded down GBX 0.36 during trading on Tuesday, reaching GBX 74.52. The company’s stock had a trading volume of 307,791 shares, compared to its average volume of 155,041. The firm’s 50-day moving average is GBX 78.13 and its two-hundred day moving average is GBX 78.18. Michelmersh Brick has a 52-week low of GBX 66 and a 52-week high of GBX 101. The company has a market cap of £67.56 million, a price-to-earnings ratio of 18.91 and a beta of 0.81. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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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