McBride (LON:MCB) Earns “Buy” Rating from Berenberg Bank

McBride (LON:MCB)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 275 price target on the stock. Berenberg Bank‘s target price would suggest a potential upside of 56.96% from the stock’s previous close.

McBride Trading Up 0.1%

Shares of LON:MCB opened at GBX 175.20 on Wednesday. The company has a debt-to-equity ratio of 169.22, a current ratio of 1.10 and a quick ratio of 0.54. The company has a market cap of £297.43 million, a P/E ratio of 10.37, a PEG ratio of -0.36 and a beta of 1.51. The stock’s fifty day moving average price is GBX 180.08 and its 200-day moving average price is GBX 161.29. McBride has a 1 year low of GBX 107.60 and a 1 year high of GBX 214.10.

McBride (LON:MCB) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. McBride had a return on equity of 28.68% and a net margin of 3.21%. Sell-side analysts expect that McBride will post 19.23 earnings per share for the current year.

Insider Activity

In other news, insider Mark Strickland sold 527,268 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of GBX 179, for a total transaction of £943,809.72. Company insiders own 30.24% of the company’s stock.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.