Michelmersh Brick (LON:MBH) Price Target Lowered to GBX 150 at Berenberg Bank

Michelmersh Brick (LON:MBH) had its price target lowered by Berenberg Bank from GBX 170 to GBX 150 in a research report report published on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

Michelmersh Brick Stock Down 5.7%

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

Michelmersh Brick (LON:MBH) last issued its earnings results 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%. As a group, research analysts expect that Michelmersh Brick will post 10.3053435 earnings per share for the current fiscal 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.