Michelmersh Brick (LON:MBH) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 86.46 and traded as low as GBX 70. Michelmersh Brick shares last traded at GBX 70, with a volume of 291,938 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Berenberg Bank decreased their target price on Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Stock Up 1.4%

The company has a market cap of £65.27 million, a P/E ratio of 12.81 and a beta of 0.71. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83. The company has a fifty day moving average of GBX 83.29 and a 200 day moving average of GBX 86.36.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a return on equity of 3.91% and a net margin of 5.30%. On average, research analysts anticipate that Michelmersh Brick Holdings plc will post 10.3053435 earnings per share for the current fiscal year.

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.