Michelmersh Brick (LON:MBH) Hits New 52-Week Low – Should You Sell?

Michelmersh Brick Holdings plc (LON:MBH)’s share price reached a new 52-week low during trading on Friday . The company traded as low as GBX 79 and last traded at GBX 81.50, with a volume of 119085 shares traded. The stock had previously closed at GBX 82.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 target price on shares of Michelmersh Brick in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 150.

Michelmersh Brick Trading Down 0.6%

The firm has a fifty day moving average of GBX 86.34 and a 200 day moving average of GBX 88.97. The firm has a market capitalization of £73.89 million, a PE ratio of 14.50 and a beta of 0.71. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.56 and a current ratio of 1.97.

Michelmersh Brick Company Profile

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.