McBride (LON:MCB) Sets New 52-Week High – Should You Buy?

McBride plc (LON:MCB) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 161 and last traded at GBX 157.60, with a volume of 4574493 shares changing hands. The stock had previously closed at GBX 156.40.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 target price on shares of McBride in a research report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, McBride presently has an average rating of “Buy” and a consensus target price of GBX 190.

McBride Stock Up 0.8%

The company has a market cap of £273.59 million, a P/E ratio of 8.47, a PEG ratio of -0.36 and a beta of 1.17. The stock has a 50-day moving average of GBX 137.65 and a 200 day moving average of GBX 126.80. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54.

McBride announced that its Board of Directors has initiated a share repurchase program on Monday, December 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.