Michelmersh Brick (LON:MBH) Given New GBX 150 Price Target at Canaccord Genuity Group

Michelmersh Brick (LON:MBH) had its target price cut by Canaccord Genuity Group from GBX 160 to GBX 150 in a research report released on Tuesday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reduced their price objective on shares of Michelmersh Brick from GBX 170 to GBX 150 and set a “buy” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 156.67.

Michelmersh Brick Stock Down 5.7%

Shares of MBH opened at GBX 92 on Tuesday. The firm has a market cap of £84.88 million, a P/E ratio of 1,424.15 and a beta of 1.01. Michelmersh Brick has a 12-month low of GBX 88 and a 12-month high of GBX 119. The company’s 50-day moving average price is GBX 107.41 and its 200 day moving average price is GBX 105.98. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 2.05.

Michelmersh Brick (LON:MBH) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported GBX 3.30 earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. On average, sell-side analysts forecast that Michelmersh Brick will post 10.3053435 earnings per share for the current year.

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.