Michelmersh Brick (LON:MBH) Given New GBX 130 Price Target at Canaccord Genuity Group

Michelmersh Brick (LON:MBH) had its price target cut by Canaccord Genuity Group from GBX 150 to GBX 130 in a research report report published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Michelmersh Brick Stock Performance

Shares of Michelmersh Brick stock opened at GBX 69.50 on Tuesday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.56 and a current ratio of 1.97. Michelmersh Brick has a 1 year low of GBX 66 and a 1 year high of GBX 119. The firm’s 50-day simple moving average is GBX 85.02 and its 200-day simple moving average is GBX 87.52. The firm has a market cap of £63.01 million, a PE ratio of 12.37 and a beta of 0.71.

Michelmersh Brick (LON:MBH) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 7.50 earnings per share for the quarter. Michelmersh Brick had a return on equity of 5.56% and a net margin of 7.48%. Equities analysts forecast that Michelmersh Brick will post 10.3053435 earnings per share for the current fiscal year.

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.