Michelmersh Brick (LON:MBH) Announces Earnings Results

Michelmersh Brick (LON:MBH) announced its quarterly 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 Price Performance

MBH opened at GBX 74.82 on Thursday. 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 company has a 50-day moving average of GBX 77.98 and a 200-day moving average of GBX 77.94. The company has a market capitalization of £67.83 million, a P/E ratio of 18.99 and a beta of 0.81.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a report on Thursday, May 21st. Berenberg Bank restated a “buy” rating and set a GBX 120 target price on shares of Michelmersh Brick in a report on Wednesday. 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.

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.