McBride (LON:MCB) Stock Passes Above 200-Day Moving Average – Time to Sell?

McBride plc (LON:MCB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 126.80 and traded as high as GBX 158.20. McBride shares last traded at GBX 156.40, with a volume of 314,093 shares changing hands.

Analyst Ratings Changes

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

McBride Stock Performance

The stock has a market cap of £277.41 million, a PE ratio of 8.59, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. The stock has a fifty day moving average of GBX 137.65 and a 200-day moving average of GBX 126.80. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08.

McBride announced that its Board of Directors has authorized a stock buyback program on Monday, December 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.