Berenberg Bank Has Lowered Expectations for Michelmersh Brick (LON:MBH) Stock Price

Michelmersh Brick (LON:MBH) had its price target cut by investment analysts at Berenberg Bank from GBX 150 to GBX 120 in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 68.66% from the company’s previous close.

Separately, Canaccord Genuity Group dropped their price target on shares of Michelmersh Brick from GBX 150 to GBX 130 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Michelmersh Brick presently has an average rating of “Buy” and a consensus target price of GBX 125.

Michelmersh Brick Trading Up 1.6%

Shares of MBH opened at GBX 71.15 on Wednesday. The company has a market capitalization of £64.50 million, a P/E ratio of 12.66 and a beta of 0.71. Michelmersh Brick has a one year low of GBX 66 and a one year high of GBX 119. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.56 and a current ratio of 1.97. The stock has a 50-day moving average price of GBX 85.02 and a 200 day moving average price of GBX 87.52.

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

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.