Michelmersh Brick (LON:MBH) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Michelmersh Brick Holdings plc (LON:MBH) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 79.86 and traded as low as GBX 79. Michelmersh Brick shares last traded at GBX 80, with a volume of 59,447 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Berenberg Bank cut their price objective on shares of Michelmersh Brick from GBX 150 to GBX 120 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Canaccord Genuity Group restated a “buy” rating and set a GBX 130 target price on shares of Michelmersh Brick in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 125.

Michelmersh Brick Price Performance

The firm has a 50 day simple moving average of GBX 77.35 and a 200-day simple moving average of GBX 79.86. The company has a quick ratio of 1.56, a current ratio of 2.24 and a debt-to-equity ratio of 4.83. The company has a market cap of £72.53 million, a PE ratio of 20.30 and a beta of 0.82.

About Michelmersh Brick

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.