McBride (LON:MCB) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

McBride plc (LON:MCB) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 126.92 and traded as high as GBX 145.40. McBride shares last traded at GBX 142.40, with a volume of 1,937,456 shares trading hands.

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 190 price objective on shares of McBride in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 190.

McBride Stock Performance

The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The company has a market capitalization of £249.98 million, a PE ratio of 7.74, a P/E/G ratio of -0.36 and a beta of 1.17. The stock has a 50-day simple moving average of GBX 133.21 and a 200 day simple moving average of GBX 126.92.

McBride declared that its board has initiated a stock repurchase program on Monday, December 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

About McBride

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.