McBride (LON:MCB) Trading Up 14.8% – Time to Buy?

McBride plc (LON:MCB) shares were 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 changed 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.

Wall Street Analyst Weigh In

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

McBride Price Performance

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

McBride (LON:MCB) last posted its quarterly earnings results on Wednesday, September 17th. The company reported GBX 22.10 earnings per share for the quarter. McBride had a net margin of 3.56% and a return on equity of 62.24%. On average, research analysts expect that McBride plc will post 19.2307692 earnings per share 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.