McBride (LON:MCB) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

McBride plc (LON:MCB – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 166.30 and traded as high as GBX 186. McBride shares last traded at GBX 180.20, with a volume of 810,330 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 275 target price on shares of McBride in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 232.50.

Get Our Latest Report on McBride

McBride Price Performance

The firm has a 50-day simple moving average of GBX 180 and a 200-day simple moving average of GBX 166.30. The firm has a market capitalization of £305.92 million, a PE ratio of 10.66, a PEG ratio of -0.36 and a beta of 1.51. The company has a debt-to-equity ratio of 169.22, a current ratio of 1.10 and a quick ratio of 0.54.

McBride (LON:MCB – Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 21.60 EPS for the quarter. McBride had a net margin of 3.21% and a return on equity of 28.68%. As a group, equities analysts forecast that McBride plc will post 19.23 earnings per share for the current year.

Insider Transactions at McBride

In related news, insider Mark Strickland sold 527,268 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of GBX 179, for a total transaction of £943,809.72. Company insiders own 30.24% of the company’s stock.

About McBride

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for McBride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McBride and related companies with MarketBeat.com's FREE daily email newsletter.