Michelmersh Brick (LON:MBH) Posts Earnings Results

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

Michelmersh Brick Trading Up 0.7%

LON MBH traded up GBX 0.50 during mid-day trading on Thursday, reaching GBX 75. 90,996 shares of the stock were exchanged, compared to its average volume of 155,167. The stock has a market capitalization of £68.00 million, a PE ratio of 19.04 and a beta of 0.81. The company has a debt-to-equity ratio of 9.44, a quick ratio of 1.56 and a current ratio of 1.72. Michelmersh Brick has a 1-year low of GBX 66 and a 1-year high of GBX 101. The business’s fifty day simple moving average is GBX 77.98 and its 200 day simple moving average is GBX 77.94.

Wall Street Analysts Forecast Growth

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

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.