McBride (LON:MCB) Stock Price Up 14.8% – Here’s Why

McBride plc (LON:MCB)’s share price was up 14.8% during trading on Friday . The company traded as high as GBX 134.20 and last traded at GBX 127. Approximately 1,641,562 shares traded hands during trading, an increase of 304% from the average daily volume of 405,918 shares. The stock had previously closed at GBX 110.60.

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and issued a GBX 190 price objective on shares of McBride in a report on Thursday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 190.

McBride Trading Up 0.5%

The firm’s 50 day simple moving average is GBX 119.76 and its 200-day simple moving average is GBX 130.91. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08. The company has a market capitalization of £223.57 million, a PE ratio of 6.86, a P/E/G ratio of -0.36 and a beta of 1.17.

McBride (LON:MCB) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 22.10 EPS for the quarter. McBride had a return on equity of 62.24% and a net margin of 3.56%. As a group, equities research analysts anticipate that McBride plc will post 19.2307692 EPS for the current year.

McBride Company Profile

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.