Michelmersh Brick (LON:MBH) Price Target Cut to GBX 120 by Analysts at Berenberg Bank

Michelmersh Brick (LON:MBH) had its target price reduced by Berenberg Bank from GBX 150 to GBX 120 in a report published on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group lowered their price objective on shares of Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Michelmersh Brick has a consensus rating of “Buy” and an average price target of GBX 125.

Michelmersh Brick Stock Up 0.1%

MBH stock opened at GBX 72.06 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 4.83. The company’s 50 day moving average is GBX 84.81 and its 200 day moving average is GBX 87.41. The stock has a market cap of £65.33 million, a price-to-earnings ratio of 12.82 and a beta of 0.71. Michelmersh Brick has a 1-year low of GBX 66 and a 1-year high of GBX 119.

Michelmersh Brick (LON:MBH) last announced its earnings results on Tuesday, March 24th. The company reported GBX 7.50 earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 5.30% and a return on equity of 3.91%. Sell-side analysts predict that Michelmersh Brick 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.