Michelmersh Brick (LON:MBH) Sets New 1-Year Low – Here’s Why

Michelmersh Brick Holdings plc (LON:MBH) shares reached a new 52-week low during trading on Friday . The company traded as low as GBX 79 and last traded at GBX 81.50, with a volume of 119085 shares. The stock had previously closed at GBX 82.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 150 target price on shares of Michelmersh Brick in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 150.

Michelmersh Brick Stock Performance

The stock has a market cap of £73.89 million, a PE ratio of 14.50 and a beta of 0.71. The firm’s 50-day moving average is GBX 86.25 and its 200 day moving average is GBX 88.69. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.56 and a current ratio of 1.97.

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.