Michelmersh Brick (LON:MBH) Announces Quarterly Earnings Results

Michelmersh Brick (LON:MBH) posted its quarterly earnings data on Tuesday. The company reported GBX 2.56 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Michelmersh Brick had a return on equity of 4.06% and a net margin of 5.66%.

Michelmersh Brick Stock Performance

Shares of Michelmersh Brick stock opened at GBX 75 on Thursday. The firm has a fifty day moving average of GBX 77.98 and a two-hundred day moving average of GBX 77.94. The company has a debt-to-equity ratio of 9.44, a quick ratio of 1.56 and a current ratio of 1.72. The stock has a market capitalization of £68.00 million, a price-to-earnings ratio of 19.04 and a beta of 0.81. Michelmersh Brick has a 52 week low of GBX 66 and a 52 week high of GBX 101.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MBH shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 120 price target on shares of Michelmersh Brick in a research note on Wednesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 125.

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.