Michelmersh Brick (LON:MBH) Earns “Buy” Rating from Canaccord Genuity Group

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 130 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 75.06% from the stock’s current price.

Separately, Berenberg Bank dropped their price target 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Trading Up 1.0%

LON:MBH traded up GBX 0.76 during mid-day trading on Thursday, reaching GBX 74.26. 148,910 shares of the company’s stock traded hands, compared to its average volume of 163,104. The company has a 50 day moving average price of GBX 74.17 and a 200-day moving average price of GBX 81.99. The firm has a market capitalization of £67.33 million, a price-to-earnings ratio of 18.85 and a beta of 0.78. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.24 and a quick ratio of 1.56. Michelmersh Brick has a 12-month low of GBX 66 and a 12-month high of GBX 119.

Michelmersh Brick (LON:MBH) last released its quarterly earnings data 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, sell-side analysts predict that Michelmersh Brick will post 10.3053435 earnings per share for the current year.

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.