Michelmersh Brick (LON:MBH) Hits New 1-Year Low – What’s Next?

Shares of Michelmersh Brick Holdings plc (LON:MBH) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 74.25 and last traded at GBX 74.25, with a volume of 105599 shares traded. The stock had previously closed at GBX 76.50.

Analyst Ratings Changes

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

Michelmersh Brick Price Performance

The stock has a market capitalization of £67.32 million, a price-to-earnings ratio of 13.21 and a beta of 0.71. The company has a quick ratio of 1.56, a current ratio of 1.97 and a debt-to-equity ratio of 2.87. The stock has a fifty day moving average of GBX 85.94 and a 200-day moving average of GBX 88.16.

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.