McBride (LON:MCB) Issues Earnings Results

McBride (LON:MCB) released its quarterly earnings results on Tuesday. The company reported GBX 21.60 earnings per share for the quarter, Digital Look Earnings reports. McBride had a net margin of 3.20% and a return on equity of 30.98%.

McBride Stock Down 0.7%

Shares of McBride stock traded down GBX 1.40 during midday trading on Wednesday, hitting GBX 194. The company had a trading volume of 491,660 shares, compared to its average volume of 433,165. McBride has a 52-week low of GBX 107.60 and a 52-week high of GBX 214.10. The company has a debt-to-equity ratio of 145.77, a quick ratio of 0.54 and a current ratio of 0.95. The stock has a market capitalization of £329.36 million, a P/E ratio of 11.48, a P/E/G ratio of -0.36 and a beta of 1.51. The company has a 50 day moving average of GBX 170.46 and a 200 day moving average of GBX 159.48.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 275 price objective on shares of McBride in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, McBride presently has a consensus rating of “Buy” and an average target price of GBX 232.50.

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.