McBride (LON:MCB) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

McBride plc (LON:MCB)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.82 and traded as high as GBX 159.80. McBride shares last traded at GBX 158.60, with a volume of 188,922 shares.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 190 target price on shares of McBride in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 190.

McBride Stock Up 1.4%

The business has a fifty day simple moving average of GBX 145.25 and a two-hundred day simple moving average of GBX 128.82. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The company has a market cap of £274.78 million, a PE ratio of 8.53, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17.

McBride declared that its board has approved a stock repurchase program on Monday, December 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are 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.