Berenberg Bank Reiterates Buy Rating for Michelmersh Brick (LON:MBH)

Michelmersh Brick (LON:MBH)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 120 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 60.00% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 price objective on shares of Michelmersh Brick in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Stock Performance

LON:MBH opened at GBX 75 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83. Michelmersh Brick has a twelve month low of GBX 66 and a twelve month high of GBX 101. The company has a fifty day moving average of GBX 78.05 and a 200-day moving average of GBX 78.06. The firm has a market capitalization of £68.00 million, a P/E ratio of 19.04 and a beta of 0.81.

Michelmersh Brick (LON:MBH) last issued its earnings results on Tuesday, September 1st. The company reported GBX 2.56 earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. As a group, sell-side analysts anticipate that Michelmersh Brick will post 10.3053435 EPS 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.