Berenberg Bank Cuts Michelmersh Brick (LON:MBH) Price Target to GBX 120

Michelmersh Brick (LON:MBH) had its price objective decreased by Berenberg Bank from GBX 150 to GBX 120 in a research report released on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reduced their price objective on Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating for the company in a report on Tuesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Stock Performance

Shares of MBH stock opened at GBX 71 on Wednesday. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.56 and a current ratio of 2.24. The firm has a market cap of £64.37 million, a price-to-earnings ratio of 12.63 and a beta of 0.71. Michelmersh Brick has a 52 week low of GBX 66 and a 52 week high of GBX 119. The firm’s 50-day simple moving average is GBX 84.26 and its two-hundred day simple moving average is GBX 87.12.

Michelmersh Brick (LON:MBH) last released its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. As a group, equities analysts forecast that Michelmersh Brick will post 10.3053435 earnings per share for the current 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.