Michelmersh Brick (LON:MBH) Reaches New 1-Year Low Following Analyst Downgrade

Michelmersh Brick Holdings plc (LON:MBH)’s share price hit a new 52-week low during trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from GBX 160 to GBX 150. Canaccord Genuity Group currently has a buy rating on the stock. Michelmersh Brick traded as low as GBX 87.13 ($1.17) and last traded at GBX 92 ($1.23), with a volume of 1808966 shares traded. The stock had previously closed at GBX 97.60 ($1.31).

Separately, Berenberg Bank lowered their target price on Michelmersh Brick from GBX 170 to GBX 150 and set a “buy” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Michelmersh Brick currently has a consensus rating of “Buy” and an average target price of GBX 156.67.

Michelmersh Brick Stock Performance

The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The company has a market capitalization of £84.88 million, a P/E ratio of 1,424.15 and a beta of 1.01. The business has a 50 day moving average of GBX 107.41 and a 200-day moving average of GBX 105.98.

Michelmersh Brick (LON:MBH) last released 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 return on equity of 8.82% and a net margin of 11.46%. On average, sell-side analysts predict that Michelmersh Brick Holdings plc will post 10.3053435 EPS 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.